THE SPINDLES, BLYTH ROAD, OLDCOTES, WORKSOP, S81 8JL - £310,000

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 SPINDLES is a large detached house of 183m², built sometime between 1983 and 1990, which could now be worth an estimated £540,045. It was last sold for £310,000 in August 2014, which was around 71% above the average August 2014 detached price in the Bassetlaw local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was C.

THE SPINDLES Sold Prices

Land registry data shows four sales for THE SPINDLES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. All of the four THE SPINDLES 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
2014 29 AUG	£310,000	£181,556	71% above HPI
2014 6 FEB	£300,000	£176,373	70% above HPI
2005 11 MAR	£250,000	£168,965	48% above HPI
1996 1 MAR	£90,000	£59,661	51% above HPI

THE SPINDLES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The four THE SPINDLES sales between March 1996 and August 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 February 2014 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the August 2014 sale, where it rises to 71% above the HPI. The line then continues to track at 71% above the HPI.

What might THE SPINDLES be worth now?

THE SPINDLES might now be worth an estimated £540,045.

This is based on house price inflation of 74.2%, between August 2014 and December 2024, for detached houses, in the Bassetlaw local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 74.2% inflationary increase is applied to the most recent sale price for THE SPINDLES of £310,000 on 29th August 2014. For the value to have increased from £310,000 to £540,045 over the nine years and eight months to December 2024, the following assumptions must hold true:

• The value of THE SPINDLES has moved in line with the HPI for detached houses in the Bassetlaw local authority area.
• The August 2014 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of THE SPINDLES has not materially changed since August 2014.

How Large is THE SPINDLES?

THE SPINDLES is 183m² according to the EPC inspection conducted in October 2013. This puts it in the largest 30% of detached houses houses in Oldcotes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oldcotes, and where THE SPINDLES lies on this distribution: 73% of detached houses houses are smaller than THE SPINDLES, and 27% of houses are larger. Note that EPC data is not available for all properties in Oldcotes.

THE SPINDLES: Plot and Title Map

THE SPINDLES sits on a plot of roughly 0.194 of an acre, or 786m². The below map shows the location of THE SPINDLES, 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 SPINDLES). 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 SPINDLES?

THE SPINDLES is located on BLYTH ROAD in OLDCOTES, in the S81 postcode district. The below map shows the position of THE SPINDLES on BLYTH ROAD.