THE NOOK, MARSH LANE, NORTH MUSKHAM, NEWARK, NG23 6HG - £520,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE NOOK is a very large extended detached house of 352m², built sometime between 2003 and 2006, which could now be worth an estimated £767,485. It was last sold for £520,000 in February 2016, which was around 114% above the average February 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

THE NOOK Sold Prices

Land registry data shows three sales for THE NOOK 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 NOOK 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
2016 12 FEB	£520,000	£243,255	114% above HPI
2002 9 MAY	£135,000	£119,967	13% above HPI
1999 12 MAY	£67,500	£88,552	24% below HPI

THE NOOK 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 NOOK sales between May 1999 and February 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 May 2002 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the February 2016 sale, where it rises to 114% above the HPI. The line then continues to track at 114% above the HPI.

What might THE NOOK be worth now?

THE NOOK might now be worth an estimated £767,485.

This is based on house price inflation of 47.6%, between February 2016 and December 2024, 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 47.6% inflationary increase is applied to the most recent sale price for THE NOOK of £520,000 on 12th February 2016. For the value to have increased from £520,000 to £767,485 over the seven years and two months to December 2024, the following assumptions must hold true:

• The value of THE NOOK has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2016 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of THE NOOK has not materially changed since February 2016.

How Large is THE NOOK?

THE NOOK is 352m², which includes two extensions, according to the EPC inspection conducted in December 2021. This puts it in the largest 10% of detached houses houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Muskham, and where THE NOOK lies on this distribution: 98% of detached houses houses are smaller than THE NOOK, and 2% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

THE NOOK: Plot and Title Map

THE NOOK sits on a plot of roughly 0.215 of an acre, or 869m². The below map shows the location of THE NOOK, 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 NOOK). 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 NOOK?

THE NOOK is located on MARSH LANE in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of THE NOOK on MARSH LANE.