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

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 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 5% 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. Two of the three THE TREES sales were for below the average price, whilst one was 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 28 SEP	£260,000	£272,429	5% below HPI
2015 29 OCT	£250,000	£239,424	4% above HPI
1995 28 NOV	£67,000	£70,174	5% 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 was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the September 2018 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

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 in South Clifton, based on EPC data. The below chart shows the distribution of detached houses by size in South Clifton, and where THE TREES lies on this distribution: 9% of detached 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.