THE LODGE, BACK STREET, SOUTH CLIFTON, NEWARK, NG23 7AF - £347,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE LODGE is a large extended detached house of 200m², built sometime between 1900 and 1929. It was last sold for £347,500 in June 2017, which was around 41% above the average June 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2023, where the current energy rating was E, and the potential energy rating was C.

THE LODGE Sold Prices

Land registry data shows three sales for THE LODGE 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. Two of the three THE LODGE sales were for above the average price, whilst one 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
2017 16 JUN	£347,500	£247,323	41% above HPI
2011 16 SEP	£236,050	£204,438	15% above HPI
1996 27 MAR	£30,000	£70,425	57% below HPI

THE LODGE 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 LODGE sales between March 1996 and June 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 September 2011 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the June 2017 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is THE LODGE?

THE LODGE is 200m², which includes two extensions, according to the EPC inspection conducted in September 2023. This puts it in the largest 30% of detached houses in South Clifton, based on EPC data. The below chart shows the distribution of detached houses by size in South Clifton, and where THE LODGE lies on this distribution: 73% of detached houses are smaller than THE LODGE, and 27% of houses are larger. Note that EPC data is not available for all properties in South Clifton.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of THE LODGE, 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 LODGE). 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 LODGE?

THE LODGE is located on BACK STREET in SOUTH CLIFTON, in the NG23 postcode district. The below map shows the position of THE LODGE on BACK STREET.