THE CORNER HOUSE, LOW STREET, ELSTON, NEWARK, NG23 5PA - £487,000

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 CORNER HOUSE is a small extended detached house of 123m², built sometime before 1900. It was last sold for £487,000 in November 2021, which was around 59% above the average November 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2021, where the current energy rating was E, and the potential energy rating was B.

THE CORNER HOUSE Sold Prices

Land registry data shows three sales for THE CORNER HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three THE CORNER 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
2021 25 NOV	£487,000	£306,282	59% above HPI
2013 17 SEP	£312,000	£204,901	52% above HPI
2004 11 JUN	£299,950	£188,564	59% above HPI

THE CORNER HOUSE 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 three THE CORNER HOUSE sales between June 2004 and November 2021 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 2013 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the November 2021 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

How Large is THE CORNER HOUSE?

THE CORNER HOUSE is 123m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the smallest 40% of detached houses in Elston, based on EPC data. The below chart shows the distribution of detached houses by size in Elston, and where THE CORNER HOUSE lies on this distribution: 34% of detached houses are smaller than THE CORNER HOUSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Elston.

THE CORNER HOUSE: Plot and Title Map

THE CORNER HOUSE sits on a plot of roughly 0.142 of an acre, or 574m². The below map shows the location of THE CORNER 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 THE CORNER 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 THE CORNER HOUSE?

THE CORNER HOUSE is located on LOW STREET in ELSTON, in the NG23 postcode district. The below map shows the position of THE CORNER HOUSE on LOW STREET.