SAVILE HOUSE, STATION ROAD, OLLERTON, NEWARK, NG22 9BN - £185,000

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

SAVILE HOUSE is a small detached house of 89m², built sometime before 1900. It was last sold for £185,000 in February 2019, which was around 30% below the average February 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was B.

SAVILE HOUSE Sold Prices

Land registry data shows three sales for SAVILE HOUSE 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 SAVILE HOUSE 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
2019 18 FEB	£185,000	£265,283	30% below HPI
2011 16 SEP	£120,000	£204,438	41% below HPI
2008 31 JUL	£112,000	£217,252	48% below HPI

SAVILE HOUSE 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 SAVILE HOUSE sales between July 2008 and February 2019 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 2011 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the February 2019 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is SAVILE HOUSE?

SAVILE HOUSE is 89m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 30% of detached houses in Ollerton, based on EPC data. The below chart shows the distribution of detached houses by size in Ollerton, and where SAVILE HOUSE lies on this distribution: 28% of detached houses are smaller than SAVILE HOUSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Ollerton.

SAVILE HOUSE: Plot and Title Map

SAVILE HOUSE sits on a plot of roughly 0.030 of an acre, or 123m². The below map shows the location of SAVILE HOUSE, 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 SAVILE HOUSE). 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 SAVILE HOUSE?

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