RED ROOF, BOAT LANE, HOVERINGHAM, NOTTINGHAM, NG14 7JP - £475,000

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

RED ROOF is a very small detached house of 111m², built sometime between 1967 and 1975. It was last sold for £475,000 in April 2020, which was around 79% above the average April 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

RED ROOF Sold Prices

Land registry data shows three sales for RED ROOF since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three RED ROOF 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
2020 17 APR	£475,000	£266,093	79% above HPI
2010 21 JUN	£350,000	£200,785	74% above HPI
1996 12 JAN	£78,000	£70,086	11% above HPI

RED ROOF 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 three RED ROOF sales between January 1996 and April 2020 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 June 2010 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the April 2020 sale, where it rises to 79% above the HPI. The line then continues to track at 79% above the HPI.

How Large is RED ROOF?

RED ROOF is 111m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of detached houses in Hoveringham, based on EPC data. The below chart shows the distribution of detached houses by size in Hoveringham, and where RED ROOF lies on this distribution: 10% of detached houses are smaller than RED ROOF, and 90% of houses are larger. Note that EPC data is not available for all properties in Hoveringham.

RED ROOF: Plot and Title Map

RED ROOF sits on a plot of roughly 0.264 of an acre, or 1,068m². The below map shows the location of RED ROOF, 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 RED ROOF). 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 RED ROOF?

RED ROOF is located on BOAT LANE in HOVERINGHAM, in the NG14 postcode district. The below map shows the position of RED ROOF on BOAT LANE.