THE LINNETS, MAIN STREET, SOUTH MUSKHAM, NEWARK, NG23 6EE - £315,000

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 LINNETS is a large extended detached house of 160m², built sometime between 1996 and 2002, which could now be worth an estimated £401,282. It was last sold for £315,000 in October 2017, which was around 14% above the average October 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

THE LINNETS Sold Prices

Land registry data shows three sales for THE LINNETS 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 LINNETS 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
2017 20 OCT	£315,000	£276,309	14% above HPI
2008 1 AUG	£300,000	£227,621	32% above HPI
2002 1 MAR	£200,000	£113,214	77% above HPI

THE LINNETS 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 LINNETS sales between March 2002 and October 2017 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 August 2008 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the October 2017 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might THE LINNETS be worth now?

THE LINNETS might now be worth an estimated £401,282.

This is based on house price inflation of 27.4%, between October 2017 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 27.4% inflationary increase is applied to the most recent sale price for THE LINNETS of £315,000 on 20th October 2017. For the value to have increased from £315,000 to £401,282 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of THE LINNETS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2017 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of THE LINNETS has not materially changed since October 2017.

How Large is THE LINNETS?

THE LINNETS is 160m², which includes three extensions, according to the EPC inspection conducted in June 2016. This puts it in the largest 30% of detached houses houses in South Muskham, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Muskham, and where THE LINNETS lies on this distribution: 68% of detached houses houses are smaller than THE LINNETS, and 28% of houses are larger. Note that EPC data is not available for all properties in South Muskham.

THE LINNETS: Plot and Title Map

THE LINNETS sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of THE LINNETS, 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 LINNETS). 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 LINNETS?

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