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

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

REDMIRES is a large detached house of 115m², built sometime between 1950 and 1966. It was last sold for £198,000 in December 2017, which was around 25% 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	£262,749	25% below HPI
2007 11 MAY	£195,000	£219,182	11% below HPI
2005 18 AUG	£136,500	£205,372	34% 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 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the December 2017 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

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 in Ollerton, based on EPC data. The below chart shows the distribution of detached houses by size in Ollerton, and where REDMIRES lies on this distribution: 64% of detached 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.