REDMIRES, STATION ROAD, OLLERTON, NEWARK, NG22 9BN - £198,000

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.

REDMIRES is a large detached house of 115m², built sometime between 1950 and 1966, which could now be worth an estimated £254,801. It was last sold for £198,000 in December 2017, which was around 28% below the average December 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2009, where the current energy rating was E, and the potential energy rating was D.

REDMIRES Sold Prices

Land registry data shows three sales for REDMIRES 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 REDMIRES 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
2017 14 DEC	£198,000	£273,526	28% below HPI
2007 11 MAY	£195,000	£228,172	15% below HPI
2005 18 AUG	£136,500	£213,796	36% below HPI

REDMIRES 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 REDMIRES sales between August 2005 and December 2017 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 May 2007 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2017 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might REDMIRES be worth now?

REDMIRES might now be worth an estimated £254,801.

This is based on house price inflation of 28.7%, between December 2017 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 28.7% inflationary increase is applied to the most recent sale price for REDMIRES of £198,000 on 14th December 2017. For the value to have increased from £198,000 to £254,801 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of REDMIRES has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The December 2017 sale price of £198,000 represented a fair market value for the property.
• The size, condition, and specification of REDMIRES has not materially changed since December 2017.

How Large is REDMIRES?

REDMIRES is 115m² according to the EPC inspection conducted in March 2009. This puts it in the largest 40% of detached houses houses in Ollerton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ollerton, and where REDMIRES lies on this distribution: 64% of detached houses houses are smaller than REDMIRES, and 36% of houses are larger. Note that EPC data is not available for all properties in Ollerton.

REDMIRES: Plot and Title Map

REDMIRES sits on a plot of roughly 0.157 of an acre, or 634m². The below map shows the location of REDMIRES, 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 REDMIRES). 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 REDMIRES?

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