MEADOW VIEW, OLD CHAPEL LANE, ELSTON, NEWARK, NG23 5NY - £485,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MEADOW VIEW is a very large detached house of 197m², built sometime between 1996 and 2002. It was last sold for £485,000 in November 2020, which was around 68% above the average November 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

MEADOW VIEW Sold Prices

Land registry data shows two sales for MEADOW VIEW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two MEADOW VIEW sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 18 NOV	£485,000	£289,408	68% above HPI
2006 13 APR	£350,000	£202,321	73% above HPI

MEADOW VIEW Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two MEADOW VIEW sales from April 2006 and November 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2006 sale was for 73% above the HPI. So the extrapolation line tracks at 73% above the HPI over time, until the November 2020 sale, where it falls to 68% above the HPI. The line then continues to track at 68% above the HPI.

How Large is MEADOW VIEW?

MEADOW VIEW is 197m² according to the EPC inspection conducted in June 2020. This puts it in the largest 20% of detached houses in Elston, based on EPC data. The below chart shows the distribution of detached houses by size in Elston, and where MEADOW VIEW lies on this distribution: 81% of detached houses are smaller than MEADOW VIEW, and 19% of houses are larger. Note that EPC data is not available for all properties in Elston.

MEADOW VIEW: Plot and Title Map

MEADOW VIEW sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of MEADOW VIEW, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of MEADOW VIEW). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is MEADOW VIEW?

MEADOW VIEW is located on OLD CHAPEL LANE in ELSTON, in the NG23 postcode district. The below map shows the position of MEADOW VIEW on OLD CHAPEL LANE.