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

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

MILL HOUSE is a very large extended detached house of 418m², built sometime before 1900. It was last sold for £300,000 in March 2024, which was around 7% 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	£324,008	7% below HPI
2016 8 DEC	£445,000	£248,516	79% above HPI
2014 14 FEB	£415,000	£209,094	98% above HPI
1999 26 OCT	£75,000	£88,824	16% 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 79% above the HPI. So the extrapolation line tracks at 79% above the HPI over time, until the March 2024 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

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 in North Muskham, based on EPC data. The below chart shows the distribution of detached houses by size in North Muskham, and where MILL HOUSE lies on this distribution: 98% of detached 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.