PARKLEA, THE SPINNEY, WINTHORPE, NEWARK, NG24 2NT - £365,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

PARKLEA is a midsized detached house of 109m², built sometime between 1950 and 1966. It was last sold for £365,000 in August 2022, which was around 10% above the average August 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

PARKLEA Sold Prices

Land registry data shows four sales for PARKLEA 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 PARKLEA 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 19 AUG	£365,000	£331,786	10% above HPI
2017 22 NOV	£290,000	£264,247	10% above HPI
2007 9 AUG	£215,000	£224,225	4% below HPI
2000 3 NOV	£76,000	£100,595	24% below HPI

PARKLEA 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 PARKLEA sales between November 2000 and August 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 November 2017 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the August 2022 sale, which was also at 10% above the HPI.

How Large is PARKLEA?

PARKLEA is 109m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 50% of detached houses in Winthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Winthorpe, and where PARKLEA lies on this distribution: 44% of detached houses are smaller than PARKLEA, and 56% of houses are larger. Note that EPC data is not available for all properties in Winthorpe.

PARKLEA: Plot and Title Map

PARKLEA sits on a plot of roughly 0.225 of an acre, or 912m². The below map shows the location of PARKLEA, 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 PARKLEA). 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 PARKLEA?

PARKLEA is located on THE SPINNEY in WINTHORPE, in the NG24 postcode district. The below map shows the position of PARKLEA on THE SPINNEY.