MERION, MAIN ROAD, LONG BENNINGTON, NEWARK, NG23 5EH - £230,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MERION is a midsized extended detached house of 137m², built sometime between 1991 and 1995, which could now be worth an estimated £385,366. It was last sold for £230,000 in October 2010, which was around 5% above the average October 2010 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was D.

MERION Sold Prices

Land registry data shows two sales for MERION since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two MERION 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
2010 8 OCT	£230,000	£219,836	5% above HPI
2001 26 JAN	£128,000	£110,519	16% above HPI

MERION Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two MERION sales from January 2001 and October 2010 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 January 2001 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the October 2010 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might MERION be worth now?

MERION might now be worth an estimated £385,366.

This is based on house price inflation of 67.6%, between October 2010 and December 2024, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 67.6% inflationary increase is applied to the most recent sale price for MERION of £230,000 on 8th October 2010. For the value to have increased from £230,000 to £385,366 over the thirteen years and ten months to December 2024, the following assumptions must hold true:

• The value of MERION has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The October 2010 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of MERION has not materially changed since October 2010.

How Large is MERION?

MERION is 137m², which includes one extension, according to the EPC inspection conducted in April 2010. This puts it in the smallest 50% of detached houses houses in Long Bennington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Long Bennington, and where MERION lies on this distribution: 40% of detached houses houses are smaller than MERION, and 60% of houses are larger. Note that EPC data is not available for all properties in Long Bennington.

MERION: Plot and Title Map

MERION sits on a plot of roughly 0.147 of an acre, or 594m². The below map shows the location of MERION, 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 MERION). 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 MERION?

MERION is located on MAIN ROAD in LONG BENNINGTON, in the NG23 postcode district. The below map shows the position of MERION on MAIN ROAD.