THE OLD PASTURES, CHURCH LANE, SOUTH SCARLE, NEWARK, NG23 7JP - £750,000

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 OLD PASTURES is a very large extended detached house of 245m², built sometime between 2007 and 2011. It was last sold for £750,000 in September 2022, which was around 123% above the average September 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2021, where the current energy rating was B, and the potential energy rating was A.

THE OLD PASTURES Sold Prices

Land registry data shows four sales for THE OLD PASTURES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four THE OLD PASTURES 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
2022 21 SEP	£750,000	£337,059	123% above HPI
2012 16 MAR	£385,000	£204,708	88% above HPI
2010 25 JUN	£390,000	£200,785	94% above HPI
2009 24 JUL	£346,000	£192,120	80% above HPI

THE OLD PASTURES 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 four THE OLD PASTURES sales between July 2009 and September 2022 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 2012 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the September 2022 sale, where it rises to 123% above the HPI. The line then continues to track at 123% above the HPI.

How Large is THE OLD PASTURES?

THE OLD PASTURES is 245m², which includes one extension, according to the EPC inspection conducted in October 2021. This puts it in the largest 10% of detached houses in South Scarle, based on EPC data. The below chart shows the distribution of detached houses by size in South Scarle, and where THE OLD PASTURES lies on this distribution: 93% of detached houses are smaller than THE OLD PASTURES, and 7% of houses are larger. Note that EPC data is not available for all properties in South Scarle.

THE OLD PASTURES: Plot and Title Map

THE OLD PASTURES sits on a plot of roughly 2,119.6 acres, or 8,577,597m². The below map shows the location of THE OLD PASTURES, 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 OLD PASTURES). 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 OLD PASTURES?

THE OLD PASTURES is located on CHURCH LANE in SOUTH SCARLE, in the NG23 postcode district. The below map shows the position of THE OLD PASTURES on CHURCH LANE.