PANTILES, MILL ROAD, ELSTON, NEWARK, NG23 5NR - £399,950

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.

PANTILES is a midsized extended detached house of 142m², built sometime between 1967 and 1975, which could now be worth an estimated £467,607. It was last sold for £399,950 in February 2021, which was around 33% above the average February 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was A.

PANTILES Sold Prices

Land registry data shows two sales for PANTILES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two PANTILES 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 10 FEB	£399,950	£301,064	33% above HPI
2018 20 JUL	£305,000	£271,929	12% above HPI

PANTILES 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 two PANTILES sales from July 2018 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 July 2018 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the February 2021 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might PANTILES be worth now?

PANTILES might now be worth an estimated £467,607.

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 PANTILES of £399,950 on 10th February 2021. For the value to have increased from £399,950 to £467,607 over the four years to February 2025, the following assumptions must hold true:

• The value of PANTILES has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2021 sale price of £399,950 represented a fair market value for the property.
• The size, condition, and specification of PANTILES has not materially changed since February 2021.

How Large is PANTILES?

PANTILES is 142m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the smallest 50% of detached houses houses in Elston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elston, and where PANTILES lies on this distribution: 46% of detached houses houses are smaller than PANTILES, and 53% of houses are larger. Note that EPC data is not available for all properties in Elston.

PANTILES: Plot and Title Map

PANTILES sits on a plot of roughly 0.254 of an acre, or 1,029m². The below map shows the location of PANTILES, 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 PANTILES). 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 PANTILES?

PANTILES is located on MILL ROAD in ELSTON, in the NG23 postcode district. The below map shows the position of PANTILES on MILL ROAD.