SCHOOL HOUSE, ASKHAM ROAD, EAST MARKHAM, NEWARK, NG22 0RG - £256,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SCHOOL HOUSE is a midsized extended detached house of 167m², built sometime between 1900 and 1929, which could now be worth an estimated £402,430. It was last sold for £256,000 in December 2015, which was around 27% above the average December 2015 detached price in the Bassetlaw local authority area. The most recent EPC inspection was November 2023, where the current energy rating was E, and the potential energy rating was B.

SCHOOL HOUSE Sold Prices

Land registry data shows two sales for SCHOOL HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. Both of the two SCHOOL HOUSE 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
2015 4 DEC	£256,000	£201,200	27% above HPI
2001 26 JUL	£152,000	£85,404	78% above HPI

SCHOOL HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The two SCHOOL HOUSE sales from July 2001 and December 2015 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 July 2001 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the December 2015 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might SCHOOL HOUSE be worth now?

SCHOOL HOUSE might now be worth an estimated £402,430.

This is based on house price inflation of 57.2%, between December 2015 and December 2024, for detached houses, in the Bassetlaw local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 57.2% inflationary increase is applied to the most recent sale price for SCHOOL HOUSE of £256,000 on 4th December 2015. For the value to have increased from £256,000 to £402,430 over the nine years to December 2024, the following assumptions must hold true:

• The value of SCHOOL HOUSE has moved in line with the HPI for detached houses in the Bassetlaw local authority area.
• The December 2015 sale price of £256,000 represented a fair market value for the property.
• The size, condition, and specification of SCHOOL HOUSE has not materially changed since December 2015.

How Large is SCHOOL HOUSE?

SCHOOL HOUSE is 167m², which includes three extensions, according to the EPC inspection conducted in November 2023. This puts it in the largest 50% of detached houses houses in East Markham, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Markham, and where SCHOOL HOUSE lies on this distribution: 56% of detached houses houses are smaller than SCHOOL HOUSE, and 44% of houses are larger. Note that EPC data is not available for all properties in East Markham.

SCHOOL HOUSE: Plot and Title Map

SCHOOL HOUSE sits on a plot of roughly 0.256 of an acre, or 1,035m². The below map shows the location of SCHOOL 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 SCHOOL 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 SCHOOL HOUSE?

SCHOOL HOUSE is located on ASKHAM ROAD in EAST MARKHAM, in the NG22 postcode district. The below map shows the position of SCHOOL HOUSE on ASKHAM ROAD.