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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE PADDOCK is a very small extended detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £493,480. It was last sold for £490,000 in October 2023, which was around 40% 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	£349,511	40% above HPI
2021 26 OCT	£250,000	£316,776	21% below HPI
2017 25 OCT	£202,000	£276,309	27% below HPI
2016 15 JUL	£190,000	£251,881	25% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2023 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might THE PADDOCK be worth now?

THE PADDOCK might now be worth an estimated £493,480.

This is based on house price inflation of 0.7%, between October 2023 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 0.7% inflationary increase is applied to the most recent sale price for THE PADDOCK of £490,000 on 23rd October 2023. For the value to have increased from £490,000 to £493,480 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of THE PADDOCK has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2023 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of THE PADDOCK has not materially changed since October 2023.

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 houses in Averham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Averham, and where THE PADDOCK lies on this distribution: 5% of detached houses 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.