THE OLD THRESHING BARN, MAIN STREET, SOUTH SCARLE, NEWARK, NG23 7JH - £400,000

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 THRESHING BARN is a small extended detached house of 141m², built sometime between 2003 and 2006, which could now be worth an estimated £417,291. It was last sold for £400,000 in July 2022, which was around 19% above the average July 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

THE OLD THRESHING BARN Sold Prices

Land registry data shows six sales for THE OLD THRESHING BARN since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Most of the six THE OLD THRESHING BARN 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 22 JUL	£400,000	£337,408	19% above HPI
2019 18 JAN	£302,000	£281,014	7% above HPI
2013 15 NOV	£250,000	£211,688	18% above HPI
2007 17 AUG	£265,000	£233,422	14% above HPI
2005 23 SEP	£249,950	£215,793	16% above HPI
2002 11 DEC	£58,000	£159,197	64% below HPI

THE OLD THRESHING BARN 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 six THE OLD THRESHING BARN sales between December 2002 and July 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 January 2019 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the July 2022 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might THE OLD THRESHING BARN be worth now?

THE OLD THRESHING BARN might now be worth an estimated £417,291.

This is based on house price inflation of 4.3%, between July 2022 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 4.3% inflationary increase is applied to the most recent sale price for THE OLD THRESHING BARN of £400,000 on 22nd July 2022. For the value to have increased from £400,000 to £417,291 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of THE OLD THRESHING BARN has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The July 2022 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD THRESHING BARN has not materially changed since July 2022.

How Large is THE OLD THRESHING BARN?

THE OLD THRESHING BARN is 141m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the smallest 40% of detached houses houses in South Scarle, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Scarle, and where THE OLD THRESHING BARN lies on this distribution: 37% of detached houses houses are smaller than THE OLD THRESHING BARN, and 63% of houses are larger. Note that EPC data is not available for all properties in South Scarle.

THE OLD THRESHING BARN: Plot and Title Map

THE OLD THRESHING BARN sits on a plot of roughly 0.049 of an acre, or 200m². The below map shows the location of THE OLD THRESHING BARN, 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 THRESHING BARN). 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 THRESHING BARN?

THE OLD THRESHING BARN is located on MAIN STREET in SOUTH SCARLE, in the NG23 postcode district. The below map shows the position of THE OLD THRESHING BARN on MAIN STREET.