PARKSIDE, MAIN STREET, NORTH MUSKHAM, NEWARK, NG23 6EZ - £344,000

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.

PARKSIDE is a midsized detached house of 129m², built sometime between 1983 and 1990, which could now be worth an estimated £401,688. It was last sold for £344,000 in March 2021, which was around 14% above the average March 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

PARKSIDE Sold Prices

Land registry data shows two sales for PARKSIDE 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. One of the two PARKSIDE sales was for above the average price, whilst the other was roughly equal to 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 12 MAR	£344,000	£301,442	14% above HPI
2017 6 MAR	£250,000	£250,388	Close to HPI

PARKSIDE 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 PARKSIDE sales from March 2017 and March 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 March 2017 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2021 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might PARKSIDE be worth now?

PARKSIDE might now be worth an estimated £401,688.

This is based on house price inflation of 16.8%, between March 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 16.8% inflationary increase is applied to the most recent sale price for PARKSIDE of £344,000 on 12th March 2021. For the value to have increased from £344,000 to £401,688 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of PARKSIDE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2021 sale price of £344,000 represented a fair market value for the property.
• The size, condition, and specification of PARKSIDE has not materially changed since March 2021.

How Large is PARKSIDE?

PARKSIDE is 129m² according to the EPC inspection conducted in September 2020. This puts it in the largest 50% of detached houses houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Muskham, and where PARKSIDE lies on this distribution: 50% of detached houses houses are smaller than PARKSIDE, and 49% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

PARKSIDE: Plot and Title Map

PARKSIDE sits on a plot of roughly 0.247 of an acre, or 999m². The below map shows the location of PARKSIDE, 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 PARKSIDE). 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 PARKSIDE?

PARKSIDE is located on MAIN STREET in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of PARKSIDE on MAIN STREET.