THEICS, WALTONS LANE, NORTH MUSKHAM, NEWARK, NG23 6EU - £270,000

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

THEICS is a small extended detached house of 105m², built sometime between 1967 and 1975. It was last sold for £270,000 in March 2024, which was around 17% below the average March 2024 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was C.

THEICS Sold Prices

Land registry data shows three sales for THEICS 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 THEICS 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
2024 26 MAR	£270,000	£324,008	17% below HPI
2017 26 MAY	£198,000	£246,434	20% below HPI
2005 25 JAN	£162,000	£206,703	22% below HPI

THEICS 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 THEICS sales between January 2005 and March 2024 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 2017 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2024 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is THEICS?

THEICS is 105m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 30% of detached houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses by size in North Muskham, and where THEICS lies on this distribution: 24% of detached houses are smaller than THEICS, and 74% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

THEICS: Plot and Title Map

THEICS sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of THEICS, 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 THEICS). 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 THEICS?

THEICS is located on WALTONS LANE in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of THEICS on WALTONS LANE.