THE ATRIUM, MAIN STREET, NORWELL, NEWARK, NG23 6JN - £177,500

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

THE ATRIUM is a large detached house of 165m², built sometime between 1991 and 1995. It was last sold for £177,500 in December 2002, which was around 16% above the average December 2002 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2012, where the current energy rating was E, and the potential energy rating was D.

THE ATRIUM Sold Prices

Land registry data shows two sales for THE ATRIUM 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 THE ATRIUM 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
2002 16 DEC	£177,500	£152,924	16% above HPI
1999 21 JUN	£106,000	£85,314	24% above HPI

THE ATRIUM 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 THE ATRIUM sales from June 1999 and December 2002 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 June 1999 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the December 2002 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is THE ATRIUM?

THE ATRIUM is 165m² according to the EPC inspection conducted in January 2012. This puts it in the largest 40% of detached houses in Norwell, based on EPC data. The below chart shows the distribution of detached houses by size in Norwell, and where THE ATRIUM lies on this distribution: 62% of detached houses are smaller than THE ATRIUM, and 34% of houses are larger. Note that EPC data is not available for all properties in Norwell.

THE ATRIUM: Plot and Title Map

THE ATRIUM sits on a plot of roughly 0.268 of an acre, or 1,085m². The below map shows the location of THE ATRIUM, 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 THE ATRIUM). 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 THE ATRIUM?

THE ATRIUM is located on MAIN STREET in NORWELL, in the NG23 postcode district. The below map shows the position of THE ATRIUM on MAIN STREET.