THE RUSTICS, RETFORD ROAD, WALESBY, NEWARK, NG22 9PE - £240,000

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 RUSTICS is a very large detached house of 151m², built sometime between 1983 and 1990. It was last sold for £240,000 in September 2016, which was around 4% below the average September 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

THE RUSTICS Sold Prices

Land registry data shows three sales for THE RUSTICS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. One of the three THE RUSTICS sales was for below the average price, whilst two 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 9 SEP	£240,000	£248,843	4% below HPI
2003 19 DEC	£219,950	£175,352	25% above HPI
2001 10 JUL	£140,000	£103,340	35% above HPI

THE RUSTICS 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 three THE RUSTICS sales between July 2001 and September 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 December 2003 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the September 2016 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is THE RUSTICS?

THE RUSTICS is 151m² according to the EPC inspection conducted in March 2011. This puts it in the largest 20% of detached houses in Walesby, based on EPC data. The below chart shows the distribution of detached houses by size in Walesby, and where THE RUSTICS lies on this distribution: 82% of detached houses are smaller than THE RUSTICS, and 18% of houses are larger. Note that EPC data is not available for all properties in Walesby.

THE RUSTICS: Plot and Title Map

THE RUSTICS sits on a plot of roughly 0.139 of an acre, or 564m². The below map shows the location of THE RUSTICS, 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 RUSTICS). 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 RUSTICS?

THE RUSTICS is located on RETFORD ROAD in WALESBY, in the NG22 postcode district. The below map shows the position of THE RUSTICS on RETFORD ROAD.