THE WOODNOTE, BACK LANE, EAKRING, NEWARK, NG22 0DJ - £275,000

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 WOODNOTE is a very small semi-detached house of 60m², built sometime between 1930 and 1949, which could now be worth an estimated £327,303. It was last sold for £275,000 in February 2021, which was around 59% above the average February 2021 semi-detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was B.

THE WOODNOTE Sold Prices

Land registry data shows five sales for THE WOODNOTE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Newark and Sherwood local authority area for the corresponding sale date. Most of the five THE WOODNOTE 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
2021 5 FEB	£275,000	£172,872	59% above HPI
2017 29 SEP	£205,000	£153,365	34% above HPI
2015 9 OCT	£199,950	£141,961	41% above HPI
2001 8 JUN	£98,000	£55,267	77% above HPI
1999 15 JAN	£25,650	£46,794	45% below HPI

THE WOODNOTE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The five THE WOODNOTE sales between January 1999 and February 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 September 2017 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the February 2021 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might THE WOODNOTE be worth now?

THE WOODNOTE might now be worth an estimated £327,303.

This is based on house price inflation of 19%, between February 2021 and February 2025, for semi-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 19% inflationary increase is applied to the most recent sale price for THE WOODNOTE of £275,000 on 5th February 2021. For the value to have increased from £275,000 to £327,303 over the four years to February 2025, the following assumptions must hold true:

• The value of THE WOODNOTE has moved in line with the HPI for semi-detached houses in the Newark and Sherwood local authority area.
• The February 2021 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of THE WOODNOTE has not materially changed since February 2021.

How Large is THE WOODNOTE?

THE WOODNOTE is 60m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 10% of semi-detached houses houses in Eakring, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Eakring, and where THE WOODNOTE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than THE WOODNOTE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Eakring.

THE WOODNOTE: Plot and Title Map

THE WOODNOTE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of THE WOODNOTE, 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 WOODNOTE). 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 WOODNOTE?

THE WOODNOTE is located on BACK LANE in EAKRING, in the NG22 postcode district. The below map shows the position of THE WOODNOTE on BACK LANE.