NEWLANDS, PRIORY ROAD, THURGARTON, NOTTINGHAM, NG14 7GW - £517,500

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.

NEWLANDS is a very small detached house of 135m², built sometime between 1976 and 1982, which could now be worth an estimated £605,042. It was last sold for £517,500 in February 2021, which was around 72% above the average February 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was C.

NEWLANDS Sold Prices

Land registry data shows three sales for NEWLANDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three NEWLANDS 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
2021 22 FEB	£517,500	£301,064	72% above HPI
2016 18 MAR	£415,000	£244,713	70% above HPI
2005 12 AUG	£364,000	£213,796	70% above HPI

NEWLANDS 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 three NEWLANDS sales between August 2005 and February 2021 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 March 2016 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the February 2021 sale, where it rises to 72% above the HPI. The line then continues to track at 72% above the HPI.

What might NEWLANDS be worth now?

NEWLANDS might now be worth an estimated £605,042.

This is based on house price inflation of 16.9%, between February 2021 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 16.9% inflationary increase is applied to the most recent sale price for NEWLANDS of £517,500 on 22nd February 2021. For the value to have increased from £517,500 to £605,042 over the four years to February 2025, the following assumptions must hold true:

• The value of NEWLANDS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2021 sale price of £517,500 represented a fair market value for the property.
• The size, condition, and specification of NEWLANDS has not materially changed since February 2021.

How Large is NEWLANDS?

NEWLANDS is 135m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 20% of detached houses houses in Thurgarton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thurgarton, and where NEWLANDS lies on this distribution: 17% of detached houses houses are smaller than NEWLANDS, and 83% of houses are larger. Note that EPC data is not available for all properties in Thurgarton.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.205 of an acre, or 831m². The below map shows the location of NEWLANDS, 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 NEWLANDS). 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 NEWLANDS?

NEWLANDS is located on PRIORY ROAD in THURGARTON, in the NG14 postcode district. The below map shows the position of NEWLANDS on PRIORY ROAD.