THE FIRS, GREAT NORTH ROAD, SOUTH MUSKHAM, NEWARK, NG23 6DY - £405,000

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 FIRS is a very large extended detached house of 244m², built sometime between 1930 and 1949. It was last sold for £405,000 in July 2016, which was around 67% above the average July 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2014, where the current energy rating was C, and the potential energy rating was B.

THE FIRS Sold Prices

Land registry data shows two sales for THE FIRS 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 FIRS sales was for above the average price, whilst the other was roughly equal to 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
2016 1 JUL	£405,000	£241,957	67% above HPI
2007 27 MAR	£215,000	£214,057	Close to HPI

THE FIRS 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 FIRS sales from March 2007 and July 2016 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 March 2007 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2016 sale, where it rises to 67% above the HPI. The line then continues to track at 67% above the HPI.

How Large is THE FIRS?

THE FIRS is 244m², which includes two extensions, according to the EPC inspection conducted in December 2014. This puts it in the largest 10% of detached houses in South Muskham, based on EPC data. The below chart shows the distribution of detached houses by size in South Muskham, and where THE FIRS lies on this distribution: More than 99% of detached houses are smaller than THE FIRS, and less than 1% of houses are larger. Note that EPC data is not available for all properties in South Muskham.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 0.286 of an acre, or 1,158m². The below map shows the location of THE FIRS, 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 FIRS). 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 FIRS?

THE FIRS is located on GREAT NORTH ROAD in SOUTH MUSKHAM, in the NG23 postcode district. The below map shows the position of THE FIRS on GREAT NORTH ROAD.