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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE OLD TANNERY is a very large extended detached house of 390m², built sometime before 1900, which could now be worth an estimated £940,558. It was last sold for £650,000 in February 2016, which was around 167% 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	£243,255	167% above HPI
1999 2 AUG	£230,000	£91,467	151% 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 151% above the HPI. So the extrapolation line tracks at 151% above the HPI over time, until the February 2016 sale, where it rises to 167% above the HPI. The line then continues to track at 167% above the HPI.

What might THE OLD TANNERY be worth now?

THE OLD TANNERY might now be worth an estimated £940,558.

This is based on house price inflation of 44.7%, between February 2016 and February 2025, 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 44.7% inflationary increase is applied to the most recent sale price for THE OLD TANNERY of £650,000 on 5th February 2016. For the value to have increased from £650,000 to £940,558 over the nine years to February 2025, the following assumptions must hold true:

• The value of THE OLD TANNERY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2016 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD TANNERY has not materially changed since February 2016.

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 houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwell, and where THE OLD TANNERY lies on this distribution: 99% of detached houses 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.