OLD SCHOOL BUNGALOW, SCHOOL LANE, KIRKLINGTON, NEWARK, NG22 8NG - £330,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

OLD SCHOOL BUNGALOW is a very small extended detached house of 96m², built sometime between 1930 and 1949. It was last sold for £330,000 in March 2022, which was around 5% above the average March 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2021, where the current energy rating was E, and the potential energy rating was C.

OLD SCHOOL BUNGALOW Sold Prices

Land registry data shows four sales for OLD SCHOOL BUNGALOW 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 OLD SCHOOL BUNGALOW sales were for above the average price, and four 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
2022 30 MAR	£330,000	£314,451	5% above HPI
2013 22 APR	£95,000	£202,958	53% below HPI
2003 15 OCT	£225,000	£169,431	33% above HPI
1998 16 JAN	£75,000	£76,216	2% below HPI

OLD SCHOOL BUNGALOW 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 OLD SCHOOL BUNGALOW sales between January 1998 and March 2022 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 April 2013 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the March 2022 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is OLD SCHOOL BUNGALOW?

OLD SCHOOL BUNGALOW is 96m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of detached houses in Kirklington, based on EPC data. The below chart shows the distribution of detached houses by size in Kirklington, and where OLD SCHOOL BUNGALOW lies on this distribution: 3% of detached houses are smaller than OLD SCHOOL BUNGALOW, and 92% of houses are larger. Note that EPC data is not available for all properties in Kirklington.

OLD SCHOOL BUNGALOW: Plot and Title Map

OLD SCHOOL BUNGALOW sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of OLD SCHOOL BUNGALOW, 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 OLD SCHOOL BUNGALOW). 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 OLD SCHOOL BUNGALOW?

OLD SCHOOL BUNGALOW is located on SCHOOL LANE in KIRKLINGTON, in the NG22 postcode district. The below map shows the position of OLD SCHOOL BUNGALOW on SCHOOL LANE.