REDLANDS, STATION ROAD, EDINGLEY, NEWARK, NG22 8BX - £92,000

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

REDLANDS is a very small extended detached house of 138m², built sometime before 1900. It was last sold for £92,000 in February 2001, which was around 6% below the average February 2001 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

REDLANDS Sold Prices

Land registry data shows two sales for REDLANDS 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 REDLANDS sales 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
2001 2 FEB	£92,000	£97,421	6% below HPI
1997 15 SEP	£36,000	£79,684	55% below HPI

REDLANDS 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 REDLANDS sales from September 1997 and February 2001 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 September 1997 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the February 2001 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is REDLANDS?

REDLANDS is 138m², which includes two extensions, according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of detached houses in Edingley, based on EPC data. The below chart shows the distribution of detached houses by size in Edingley, and where REDLANDS lies on this distribution: 15% of detached houses are smaller than REDLANDS, and 82% of houses are larger. Note that EPC data is not available for all properties in Edingley.

REDLANDS: Plot and Title Map

REDLANDS sits on a plot of roughly 0.186 of an acre, or 752m². The below map shows the location of REDLANDS, 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 REDLANDS). 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 REDLANDS?

REDLANDS is located on STATION ROAD in EDINGLEY, in the NG22 postcode district. The below map shows the position of REDLANDS on STATION ROAD.