THE TREES, VICARAGE ROAD, SOUTH CLIFTON, NEWARK, NG23 7AQ - £260,000

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 TREES is a very small detached house of 82m², built sometime between 1967 and 1975. It was last sold for £260,000 in September 2018, which was around 8% below the average September 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

THE TREES Sold Prices

Land registry data shows three sales for THE TREES 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. The three THE TREES sales were a mix of below the average price, and roughly equal to 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 28 SEP	£260,000	£283,604	8% below HPI
2015 29 OCT	£250,000	£249,244	Close to HPI
1995 28 NOV	£67,000	£73,053	8% below HPI

THE TREES 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 TREES sales between November 1995 and September 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 October 2015 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2018 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might THE TREES be worth now?

THE TREES might now be worth an estimated £329,147.

This is based on house price inflation of 26.6%, between September 2018 and December 2024, 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 26.6% inflationary increase is applied to the most recent sale price for THE TREES of £260,000 on 28th September 2018. For the value to have increased from £260,000 to £329,147 over the five years and nine months to December 2024, the following assumptions must hold true:

• The value of THE TREES has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2018 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of THE TREES has not materially changed since September 2018.

How Large is THE TREES?

THE TREES is 82m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 10% of detached houses houses in South Clifton, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Clifton, and where THE TREES lies on this distribution: 9% of detached houses houses are smaller than THE TREES, and 91% of houses are larger. Note that EPC data is not available for all properties in South Clifton.

THE TREES: Plot and Title Map

THE TREES sits on a plot of roughly 0.371 of an acre, or 1,502m². The below map shows the location of THE TREES, 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 TREES). 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 TREES?

THE TREES is located on VICARAGE ROAD in SOUTH CLIFTON, in the NG23 postcode district. The below map shows the position of THE TREES on VICARAGE ROAD.