THE WILLOWS, NORWOOD GARDENS, SOUTHWELL, NG25 0DS - £300,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE WILLOWS is a small extended detached house of 102m², built sometime between 1950 and 1966. It was last sold for £300,000 in November 2021, which was around 2% below the average November 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2014, where the current energy rating was E, and the potential energy rating was C.

THE WILLOWS Sold Prices

Land registry data shows three sales for THE WILLOWS 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. All of the three THE WILLOWS 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
2021 12 NOV	£300,000	£306,282	2% below HPI
2003 10 NOV	£153,000	£173,580	12% below HPI
1996 24 MAY	£57,000	£72,592	21% below HPI

THE WILLOWS 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 WILLOWS sales between May 1996 and November 2021 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 November 2003 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2021 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is THE WILLOWS?

THE WILLOWS is 102m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the smallest 40% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where THE WILLOWS lies on this distribution: 34% of detached houses are smaller than THE WILLOWS, and 64% of houses are larger. Note that EPC data is not available for all properties in Southwell.

THE WILLOWS: Plot and Title Map

THE WILLOWS sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of THE WILLOWS, 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 WILLOWS). 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 WILLOWS?

THE WILLOWS is located on NORWOOD GARDENS in SOUTHWELL, in the NG25 postcode district. The below map shows the position of THE WILLOWS on NORWOOD GARDENS.