MILL HOUSE, MILL LANE, NORTH MUSKHAM, NEWARK, NG23 6HJ - £300,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MILL HOUSE is a very large extended detached house of 418m², built sometime before 1900, which could now be worth an estimated £314,395. It was last sold for £300,000 in March 2024, which was around 11% below the average March 2024 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2009, where the current energy rating was E, and the potential energy rating was D.

MILL HOUSE Sold Prices

Land registry data shows four sales for MILL HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. two of the four MILL HOUSE sales were for below the average price, and four 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
2024 8 MAR	£300,000	£335,876	11% below HPI
2016 8 DEC	£445,000	£258,710	72% above HPI
2014 14 FEB	£415,000	£217,671	91% above HPI
1999 26 OCT	£75,000	£92,468	19% below HPI

MILL HOUSE 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 four MILL HOUSE sales between October 1999 and March 2024 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 December 2016 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the March 2024 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might MILL HOUSE be worth now?

MILL HOUSE might now be worth an estimated £314,395.

This is based on house price inflation of 4.8%, between March 2024 and February 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.8% inflationary increase is applied to the most recent sale price for MILL HOUSE of £300,000 on 8th March 2024. For the value to have increased from £300,000 to £314,395 over the one year and one month to February 2025, the following assumptions must hold true:

• The value of MILL HOUSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2024 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of MILL HOUSE has not materially changed since March 2024.

How Large is MILL HOUSE?

MILL HOUSE is 418m², which includes one extension, according to the EPC inspection conducted in November 2009. This puts it in the largest 10% of detached houses houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Muskham, and where MILL HOUSE lies on this distribution: 98% of detached houses houses are smaller than MILL HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 0.787 of an acre, or 3,184m². The below map shows the location of MILL HOUSE, 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 MILL HOUSE). 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 MILL HOUSE?

MILL HOUSE is located on MILL LANE in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of MILL HOUSE on MILL LANE.