NORVIC, HIGH STREET, ELKESLEY, RETFORD, DN22 8AJ - £330,000

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.

NORVIC is a large detached house of 140m², built sometime between 1996 and 2002, which could now be worth an estimated £447,581. It was last sold for £330,000 in June 2020, which was around 43% above the average June 2020 detached price in the Bassetlaw local authority area. The most recent EPC inspection was December 2013, where the current energy rating was C, and the potential energy rating was C.

NORVIC Sold Prices

Land registry data shows three sales for NORVIC since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. All of the three NORVIC 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 29 JUN	£330,000	£230,565	43% above HPI
2014 10 OCT	£240,000	£189,058	27% above HPI
2001 20 SEP	£140,000	£90,232	55% above HPI

NORVIC Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The three NORVIC sales between September 2001 and June 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 October 2014 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the June 2020 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might NORVIC be worth now?

NORVIC might now be worth an estimated £447,581.

This is based on house price inflation of 35.6%, between June 2020 and February 2025, for detached houses, in the Bassetlaw local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.6% inflationary increase is applied to the most recent sale price for NORVIC of £330,000 on 29th June 2020. For the value to have increased from £330,000 to £447,581 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of NORVIC has moved in line with the HPI for detached houses in the Bassetlaw local authority area.
• The June 2020 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of NORVIC has not materially changed since June 2020.

How Large is NORVIC?

NORVIC is 140m² according to the EPC inspection conducted in December 2013. This puts it in the largest 30% of detached houses houses in Elkesley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elkesley, and where NORVIC lies on this distribution: 70% of detached houses houses are smaller than NORVIC, and 28% of houses are larger. Note that EPC data is not available for all properties in Elkesley.

NORVIC: Plot and Title Map

NORVIC sits on a plot of roughly 0.249 of an acre, or 1,006m². The below map shows the location of NORVIC, 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 NORVIC). 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 NORVIC?

NORVIC is located on HIGH STREET in ELKESLEY, in the DN22 postcode district. The below map shows the position of NORVIC on HIGH STREET.