NOVA, THE GREEN, RASKELF, YORK, YO61 3LD - £255,000

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.

NOVA is a very small detached house of 103m², built sometime between 1976 and 1982, which could now be worth an estimated £362,858. It was last sold for £255,000 in May 2015, which was around 16% below the average May 2015 detached price in the North Yorkshire local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was D.

NOVA Sold Prices

Land registry data shows three sales for NOVA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Yorkshire local authority area for the corresponding sale date. All of the three NOVA sales were for below 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
2015 27 MAY	£255,000	£305,060	16% below HPI
2012 19 OCT	£245,000	£286,470	14% below HPI
2003 9 OCT	£210,000	£222,577	6% below HPI

NOVA Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Yorkshire local authority area over time, sourced from the HPI. The three NOVA sales between October 2003 and May 2015 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 2012 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2015 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might NOVA be worth now?

NOVA might now be worth an estimated £362,858.

This is based on house price inflation of 42.3%, between May 2015 and February 2025, for detached houses, in the North Yorkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.3% inflationary increase is applied to the most recent sale price for NOVA of £255,000 on 27th May 2015. For the value to have increased from £255,000 to £362,858 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of NOVA has moved in line with the HPI for detached houses in the North Yorkshire local authority area.
• The May 2015 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of NOVA has not materially changed since May 2015.

How Large is NOVA?

NOVA is 103m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 20% of detached houses houses in Raskelf, based on EPC data. The below chart shows the distribution of detached houses houses by size in Raskelf, and where NOVA lies on this distribution: 13% of detached houses houses are smaller than NOVA, and 87% of houses are larger. Note that EPC data is not available for all properties in Raskelf.

NOVA: Plot and Title Map

NOVA sits on a plot of roughly 4.8 acres, or 19,363m². The below map shows the location of NOVA, 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 NOVA). 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 NOVA?

NOVA is located on THE GREEN in RASKELF, in the YO61 postcode district. The below map shows the position of NOVA on THE GREEN.