THE PINES, CHURCH LANE, AVERHAM, NEWARK, NG23 5RB - £450,000

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 PINES is a large detached house of 179m², built sometime between 1976 and 1982, which could now be worth an estimated £671,102. It was last sold for £450,000 in October 2007, which was around 91% above the average October 2007 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2021, where the current energy rating was E, and the potential energy rating was B.

THE PINES Sold Prices

Land registry data shows two sales for THE PINES 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 PINES 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
2007 5 OCT	£450,000	£236,025	91% above HPI
2004 1 SEP	£425,000	£199,942	113% above HPI

THE PINES 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 PINES sales from September 2004 and October 2007 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 September 2004 sale was for 113% above the HPI. So the extrapolation line tracks at 113% above the HPI over time, until the October 2007 sale, where it falls to 91% above the HPI. The line then continues to track at 91% above the HPI.

What might THE PINES be worth now?

THE PINES might now be worth an estimated £671,102.

This is based on house price inflation of 49.1%, between October 2007 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 49.1% inflationary increase is applied to the most recent sale price for THE PINES of £450,000 on 5th October 2007. For the value to have increased from £450,000 to £671,102 over the eighteen years and eight months to February 2025, the following assumptions must hold true:

• The value of THE PINES has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2007 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of THE PINES has not materially changed since October 2007.

How Large is THE PINES?

THE PINES is 179m² according to the EPC inspection conducted in October 2021. This puts it in the largest 30% 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 PINES lies on this distribution: 74% of detached houses houses are smaller than THE PINES, and 26% of houses are larger. Note that EPC data is not available for all properties in Averham.

THE PINES: Plot and Title Map

THE PINES sits on a plot of roughly 0.284 of an acre, or 1,150m². The below map shows the location of THE PINES, 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 PINES). 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 PINES?

THE PINES is located on CHURCH LANE in AVERHAM, in the NG23 postcode district. The below map shows the position of THE PINES on CHURCH LANE.