THEMIS VILLA, BURGAGE LANE, SOUTHWELL, NG25 0ER - £425,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THEMIS VILLA is a small extended detached house of 101m², built sometime between 1930 and 1949, which could now be worth an estimated £485,164. It was last sold for £425,000 in September 2021, which was around 38% above the average September 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

THEMIS VILLA Sold Prices

Land registry data shows three sales for THEMIS VILLA 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 THEMIS VILLA sales were for above the average price, whilst one was 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 14 SEP	£425,000	£308,343	38% above HPI
2016 9 SEP	£285,000	£259,050	10% above HPI
2014 10 FEB	£196,000	£217,671	10% below HPI

THEMIS VILLA 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 THEMIS VILLA sales between February 2014 and September 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 2016 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the September 2021 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might THEMIS VILLA be worth now?

THEMIS VILLA might now be worth an estimated £485,164.

This is based on house price inflation of 14.2%, between September 2021 and February 2025, 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 14.2% inflationary increase is applied to the most recent sale price for THEMIS VILLA of £425,000 on 14th September 2021. For the value to have increased from £425,000 to £485,164 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of THEMIS VILLA has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2021 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of THEMIS VILLA has not materially changed since September 2021.

How Large is THEMIS VILLA?

THEMIS VILLA is 101m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the smallest 40% of detached houses houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwell, and where THEMIS VILLA lies on this distribution: 32% of detached houses houses are smaller than THEMIS VILLA, and 67% of houses are larger. Note that EPC data is not available for all properties in Southwell.

THEMIS VILLA: Plot and Title Map

THEMIS VILLA sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of THEMIS VILLA, 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 THEMIS VILLA). 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 THEMIS VILLA?

THEMIS VILLA is located on BURGAGE LANE in SOUTHWELL, in the NG25 postcode district. The below map shows the position of THEMIS VILLA on BURGAGE LANE.