THE BARN, MAIN STREET, NORWELL, NEWARK, NG23 6JN - £238,000

THE BARN is a very small detached house of 110m², built sometime between 1983 and 1990. It was last sold for £238,000 in October 2019, which was around 14% below the average October 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2020, where the current energy rating was B, and the potential energy rating was A.

THE BARN Sold Prices

Land registry data shows four sales for THE BARN since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. two of the four THE BARN sales were for below the average price, and four 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
2019 4 OCT	£238,000	£275,504	14% below HPI
2007 7 SEP	£224,500	£229,538	2% below HPI
1998 3 APR	£82,500	£78,174	6% above HPI
1996 19 JAN	£77,000	£70,086	10% above HPI

THE BARN 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 four THE BARN sales between January 1996 and October 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 2007 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the October 2019 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is THE BARN?

THE BARN is 110m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% 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 BARN lies on this distribution: 19% of detached houses are smaller than THE BARN, and 81% of houses are larger. Note that EPC data is not available for all properties in Norwell.

THE BARN: Plot and Title Map

THE BARN sits on a plot of roughly 0.116 of an acre, or 469m². The below map shows the location of THE BARN, 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 BARN). 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 BARN?

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