THE LODGE, LOW STREET, NORTH WHEATLEY, RETFORD, DN22 9DR - £240,000

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 very small extended detached house of 72m², built sometime between 1950 and 1966. It was last sold for £240,000 in June 2020, which was around 5% above the average June 2020 detached price in the Bassetlaw local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was B.

THE LODGE Sold Prices

Land registry data shows four sales for THE LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. two of the four THE LODGE sales were for above the average price, and four 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
2020 29 JUN	£240,000	£228,050	5% above HPI
2018 2 JUL	£220,000	£218,255	1% above HPI
2017 27 MAR	£160,000	£205,248	22% below HPI
2005 6 OCT	£140,000	£180,872	23% below HPI

THE LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The four THE LODGE sales between October 2005 and June 2020 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 July 2018 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the June 2020 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is THE LODGE?

THE LODGE is 72m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the smallest 10% of detached houses in North Wheatley, based on EPC data. The below chart shows the distribution of detached houses by size in North Wheatley, and where THE LODGE lies on this distribution: 3% of detached houses are smaller than THE LODGE, and 96% of houses are larger. Note that EPC data is not available for all properties in North Wheatley.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.105 of an acre, or 423m². 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 LOW STREET in NORTH WHEATLEY, in the DN22 postcode district. The below map shows the position of THE LODGE on LOW STREET.