THE ELMS, MILL LANE, CAUNTON, NEWARK, NG23 6AJ - £287,000

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 ELMS is a very small detached house of 67m², built sometime between 1967 and 1975, which could now be worth an estimated £298,164. It was last sold for £287,000 in May 2023, which was around 15% below the average May 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2016, where the current energy rating was E, and the potential energy rating was C.

THE ELMS Sold Prices

Land registry data shows three sales for THE ELMS 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 ELMS 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
2023 9 MAY	£287,000	£338,813	15% below HPI
2019 15 FEB	£215,000	£276,164	22% below HPI
2005 29 JUL	£183,000	£214,347	15% below HPI

THE ELMS 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 ELMS sales between July 2005 and May 2023 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 February 2019 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2023 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might THE ELMS be worth now?

THE ELMS might now be worth an estimated £298,164.

This is based on house price inflation of 3.9%, between May 2023 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 3.9% inflationary increase is applied to the most recent sale price for THE ELMS of £287,000 on 9th May 2023. For the value to have increased from £287,000 to £298,164 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of THE ELMS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The May 2023 sale price of £287,000 represented a fair market value for the property.
• The size, condition, and specification of THE ELMS has not materially changed since May 2023.

How Large is THE ELMS?

THE ELMS is 67m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 10% of detached houses houses in Caunton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caunton, and where THE ELMS lies on this distribution: Less than 1% of detached houses houses are smaller than THE ELMS, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Caunton.

THE ELMS: Plot and Title Map

THE ELMS sits on a plot of roughly 0.122 of an acre, or 493m². The below map shows the location of THE ELMS, 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 ELMS). 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 ELMS?

THE ELMS is located on MILL LANE in CAUNTON, in the NG23 postcode district. The below map shows the position of THE ELMS on MILL LANE.