MEUM, MILL LANE, CAUNTON, NEWARK, NG23 6AJ - £385,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MEUM is a midsized extended detached house of 172m², built sometime between 1950 and 1966. It was last sold for £385,000 in December 2020, which was around 32% above the average December 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2019, where the current energy rating was E, and the potential energy rating was D.

MEUM Sold Prices

Land registry data shows two sales for MEUM 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 MEUM 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 11 DEC	£385,000	£291,032	32% above HPI
2006 30 JUN	£210,000	£207,227	1% above HPI

MEUM 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 MEUM sales from June 2006 and December 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 June 2006 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the December 2020 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is MEUM?

MEUM is 172m², which includes four extensions, according to the EPC inspection conducted in June 2019. This puts it in the largest 50% of detached houses in Caunton, based on EPC data. The below chart shows the distribution of detached houses by size in Caunton, and where MEUM lies on this distribution: 56% of detached houses are smaller than MEUM, and 44% of houses are larger. Note that EPC data is not available for all properties in Caunton.

MEUM: Plot and Title Map

MEUM sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of MEUM, 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 MEUM). 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 MEUM?

MEUM is located on MILL LANE in CAUNTON, in the NG23 postcode district. The below map shows the position of MEUM on MILL LANE.