THE SHIRES, NORTH ROAD, WESTON, NEWARK, NG23 6SY - £213,000

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 SHIRES is a midsized detached house of 155m², built sometime between 2003 and 2006, which could now be worth an estimated £337,087. It was last sold for £213,000 in April 2014, which was around 4% below the average April 2014 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was C.

THE SHIRES Sold Prices

Land registry data shows two sales for THE SHIRES 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 SHIRES 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
2014 24 APR	£213,000	£222,419	4% below HPI
2003 1 AUG	£80,000	£176,567	55% below HPI

THE SHIRES 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 SHIRES sales from August 2003 and April 2014 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 August 2003 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the April 2014 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might THE SHIRES be worth now?

THE SHIRES might now be worth an estimated £337,087.

This is based on house price inflation of 58.3%, between April 2014 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 58.3% inflationary increase is applied to the most recent sale price for THE SHIRES of £213,000 on 24th April 2014. For the value to have increased from £213,000 to £337,087 over the eleven years and two months to February 2025, the following assumptions must hold true:

• The value of THE SHIRES has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The April 2014 sale price of £213,000 represented a fair market value for the property.
• The size, condition, and specification of THE SHIRES has not materially changed since April 2014.

How Large is THE SHIRES?

THE SHIRES is 155m² according to the EPC inspection conducted in August 2023. This puts it in the largest 50% of detached houses houses in Weston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Weston, and where THE SHIRES lies on this distribution: 47% of detached houses houses are smaller than THE SHIRES, and 50% of houses are larger. Note that EPC data is not available for all properties in Weston.

THE SHIRES: Plot and Title Map

THE SHIRES sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of THE SHIRES, 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 SHIRES). 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 SHIRES?

THE SHIRES is located on NORTH ROAD in WESTON, in the NG23 postcode district. The below map shows the position of THE SHIRES on NORTH ROAD.