THE SPINNEY, GONALSTON LANE, HOVERINGHAM, NOTTINGHAM, NG14 7JH - £360,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE SPINNEY is a very small detached house of 126m², built sometime between 1967 and 1975. It was last sold for £360,000 in July 2018, which was around 38% above the average July 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was C.

THE SPINNEY Sold Prices

Land registry data shows two sales for THE SPINNEY 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 SPINNEY 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
2018 31 JUL	£360,000	£261,214	38% above HPI
2006 12 MAY	£275,000	£205,519	34% above HPI

THE SPINNEY 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 SPINNEY sales from May 2006 and July 2018 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 May 2006 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the July 2018 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is THE SPINNEY?

THE SPINNEY is 126m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 20% of detached houses in Hoveringham, based on EPC data. The below chart shows the distribution of detached houses by size in Hoveringham, and where THE SPINNEY lies on this distribution: 18% of detached houses are smaller than THE SPINNEY, and 83% of houses are larger. Note that EPC data is not available for all properties in Hoveringham.

THE SPINNEY: Plot and Title Map

THE SPINNEY sits on a plot of roughly 0.270 of an acre, or 1,094m². The below map shows the location of THE SPINNEY, 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 SPINNEY). 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 SPINNEY?

THE SPINNEY is located on GONALSTON LANE in HOVERINGHAM, in the NG14 postcode district. The below map shows the position of THE SPINNEY on GONALSTON LANE.