THE DEEPINGS, MAIN STREET, NORTH MUSKHAM, NEWARK, NG23 6EZ - £282,000

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 DEEPINGS is a large extended detached house of 140m², built sometime between 1967 and 1975. It was last sold for £282,000 in June 2019, which was around 7% above the average June 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was C.

THE DEEPINGS Sold Prices

Land registry data shows two sales for THE DEEPINGS 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. One of the two THE DEEPINGS sales was for above the average price, whilst the other was 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 28 JUN	£282,000	£264,150	7% above HPI
2017 22 NOV	£250,000	£264,247	5% below HPI

THE DEEPINGS 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 DEEPINGS sales from November 2017 and June 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 November 2017 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2019 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is THE DEEPINGS?

THE DEEPINGS is 140m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the largest 40% of detached houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses by size in North Muskham, and where THE DEEPINGS lies on this distribution: 62% of detached houses are smaller than THE DEEPINGS, and 38% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

THE DEEPINGS: Plot and Title Map

THE DEEPINGS sits on a plot of roughly 0.130 of an acre, or 528m². The below map shows the location of THE DEEPINGS, 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 DEEPINGS). 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 DEEPINGS?

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