THE BUNGALOW, BATHLEY LANE, NORWELL, NEWARK, NG23 6JU - £250,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE BUNGALOW is a very small detached house of 80m², built sometime between 1950 and 1966. It was last sold for £250,000 in September 2019, which was around 9% below the average September 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

THE BUNGALOW Sold Prices

Land registry data shows two sales for THE BUNGALOW 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 BUNGALOW 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 16 SEP	£250,000	£273,716	9% below HPI
2005 22 JUL	£185,000	£205,901	10% below HPI

THE BUNGALOW 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 BUNGALOW sales from July 2005 and September 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 July 2005 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2019 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is THE BUNGALOW?

THE BUNGALOW is 80m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% 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 BUNGALOW lies on this distribution: Less than 1% of detached houses are smaller than THE BUNGALOW, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Norwell.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 0.298 of an acre, or 1,206m². The below map shows the location of THE BUNGALOW, 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 BUNGALOW). 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 BUNGALOW?

THE BUNGALOW is located on BATHLEY LANE in NORWELL, in the NG23 postcode district. The below map shows the position of THE BUNGALOW on BATHLEY LANE.