THE PADDOCK, STAYTHORPE ROAD, AVERHAM, NEWARK, NG23 5RA - £490,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE PADDOCK is a very small extended detached house of 74m², built sometime between 1950 and 1966. It was last sold for £490,000 in October 2023, which was around 46% above the average October 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2017, where the current energy rating was F, and the potential energy rating was A.

THE PADDOCK Sold Prices

Land registry data shows four sales for THE PADDOCK 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. Most of the four THE PADDOCK sales were 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
2023 23 OCT	£490,000	£336,414	46% above HPI
2021 26 OCT	£250,000	£304,295	18% below HPI
2017 25 OCT	£202,000	£265,422	24% below HPI
2016 15 JUL	£190,000	£241,957	21% below HPI

THE PADDOCK 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 PADDOCK sales between July 2016 and October 2023 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 October 2021 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2023 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is THE PADDOCK?

THE PADDOCK is 74m², which includes two extensions, according to the EPC inspection conducted in September 2017. This puts it in the smallest 10% of detached houses in Averham, based on EPC data. The below chart shows the distribution of detached houses by size in Averham, and where THE PADDOCK lies on this distribution: 5% of detached houses are smaller than THE PADDOCK, and 95% of houses are larger. Note that EPC data is not available for all properties in Averham.

THE PADDOCK: Plot and Title Map

THE PADDOCK sits on a plot of roughly 0.120 of an acre, or 484m². The below map shows the location of THE PADDOCK, 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 PADDOCK). 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 PADDOCK?

THE PADDOCK is located on STAYTHORPE ROAD in AVERHAM, in the NG23 postcode district. The below map shows the position of THE PADDOCK on STAYTHORPE ROAD.