THE BRAMBLES, MAIN STREET, NORTH MUSKHAM, NEWARK, NG23 6ER - £343,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE BRAMBLES is a small detached house of 105m², built sometime between 1991 and 1995, which could now be worth an estimated £422,654. It was last sold for £343,000 in November 2018, which was around 20% above the average November 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was C.

THE BRAMBLES Sold Prices

Land registry data shows four sales for THE BRAMBLES 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. Most of the four THE BRAMBLES 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
2018 16 NOV	£343,000	£285,656	20% above HPI
2017 21 JAN	£190,000	£257,232	26% below HPI
2002 17 SEP	£68,130	£146,950	54% below HPI
1995 3 OCT	£60,000	£72,933	18% below HPI

THE BRAMBLES 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 BRAMBLES sales between October 1995 and November 2018 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 January 2017 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2018 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might THE BRAMBLES be worth now?

THE BRAMBLES might now be worth an estimated £422,654.

This is based on house price inflation of 23.2%, between November 2018 and February 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.2% inflationary increase is applied to the most recent sale price for THE BRAMBLES of £343,000 on 16th November 2018. For the value to have increased from £343,000 to £422,654 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of THE BRAMBLES has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2018 sale price of £343,000 represented a fair market value for the property.
• The size, condition, and specification of THE BRAMBLES has not materially changed since November 2018.

How Large is THE BRAMBLES?

THE BRAMBLES is 105m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 30% of detached houses houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Muskham, and where THE BRAMBLES lies on this distribution: 24% of detached houses houses are smaller than THE BRAMBLES, and 75% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

THE BRAMBLES: Plot and Title Map

THE BRAMBLES sits on a plot of roughly 0.245 of an acre, or 991m². The below map shows the location of THE BRAMBLES, 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 BRAMBLES). 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 BRAMBLES?

THE BRAMBLES is located on MAIN STREET in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of THE BRAMBLES on MAIN STREET.