THE OLD TANNERY, WESTGATE, SOUTHWELL, NG25 0LD - £650,000

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 TANNERY is a very large extended detached house of 390m², built sometime before 1900. It was last sold for £650,000 in February 2016, which was around 178% above the average February 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

THE OLD TANNERY Sold Prices

Land registry data shows two sales for THE OLD TANNERY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two THE OLD TANNERY 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
2016 5 FEB	£650,000	£233,670	178% above HPI
1999 2 AUG	£230,000	£87,863	162% above HPI

THE OLD TANNERY 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 two THE OLD TANNERY sales from August 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 August 1999 sale was for 162% above the HPI. So the extrapolation line tracks at 162% above the HPI over time, until the February 2016 sale, where it rises to 178% above the HPI. The line then continues to track at 178% above the HPI.

How Large is THE OLD TANNERY?

THE OLD TANNERY is 390m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the largest 10% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where THE OLD TANNERY lies on this distribution: 99% of detached houses are smaller than THE OLD TANNERY, and 1% of houses are larger. Note that EPC data is not available for all properties in Southwell.

THE OLD TANNERY: Plot and Title Map

THE OLD TANNERY sits on a plot of roughly 0.729 of an acre, or 2,952m². The below map shows the location of THE OLD TANNERY, 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 TANNERY). 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 TANNERY?

THE OLD TANNERY is located on WESTGATE in SOUTHWELL, in the NG25 postcode district. The below map shows the position of THE OLD TANNERY on WESTGATE.