THORNHOLME, CHURCH LANE, SOUTH MUSKHAM, NEWARK, NG23 6EQ - £500,000

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

THORNHOLME is a large extended detached house of 160m², built sometime before 1900, which could now be worth an estimated £592,516. It was last sold for £500,000 in December 2020, which was around 65% above the average December 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

THORNHOLME Sold Prices

Land registry data shows two sales for THORNHOLME since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two THORNHOLME 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
2020 4 DEC	£500,000	£302,969	65% above HPI
2012 20 DEC	£250,000	£212,233	18% above HPI

THORNHOLME 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 two THORNHOLME sales from December 2012 and December 2020 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 December 2012 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the December 2020 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might THORNHOLME be worth now?

THORNHOLME might now be worth an estimated £592,516.

This is based on house price inflation of 18.5%, between December 2020 and December 2024, 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 18.5% inflationary increase is applied to the most recent sale price for THORNHOLME of £500,000 on 4th December 2020. For the value to have increased from £500,000 to £592,516 over the four years to December 2024, the following assumptions must hold true:

• The value of THORNHOLME has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The December 2020 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of THORNHOLME has not materially changed since December 2020.

How Large is THORNHOLME?

THORNHOLME is 160m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 30% of detached houses houses in South Muskham, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Muskham, and where THORNHOLME lies on this distribution: 67% of detached houses houses are smaller than THORNHOLME, and 29% of houses are larger. Note that EPC data is not available for all properties in South Muskham.

THORNHOLME: Plot and Title Map

THORNHOLME sits on a plot of roughly 0.730 of an acre, or 2,953m². The below map shows the location of THORNHOLME, 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 THORNHOLME). 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 THORNHOLME?

THORNHOLME is located on CHURCH LANE in SOUTH MUSKHAM, in the NG23 postcode district. The below map shows the position of THORNHOLME on CHURCH LANE.