TOR HOUSE, TOR LANE, OLLERTON, NEWARK, NG22 9BT - £502,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

TOR HOUSE is a very large extended detached house of 184m², built sometime between 1930 and 1949. It was last sold for £502,000 in November 2022, which was around 50% above the average November 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

TOR HOUSE Sold Prices

Land registry data shows three sales for TOR HOUSE 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 TOR HOUSE 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
2022 30 NOV	£502,000	£334,244	50% above HPI
2007 31 MAY	£339,950	£219,182	55% above HPI
1999 2 JUL	£91,000	£85,619	6% above HPI

TOR HOUSE 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 TOR HOUSE sales between July 1999 and November 2022 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 2007 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the November 2022 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is TOR HOUSE?

TOR HOUSE is 184m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the largest 10% of detached houses in Ollerton, based on EPC data. The below chart shows the distribution of detached houses by size in Ollerton, and where TOR HOUSE lies on this distribution: 96% of detached houses are smaller than TOR HOUSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Ollerton.

TOR HOUSE: Plot and Title Map

TOR HOUSE sits on a plot of roughly 0.219 of an acre, or 887m². The below map shows the location of TOR HOUSE, 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 TOR HOUSE). 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 TOR HOUSE?

TOR HOUSE is located on TOR LANE in OLLERTON, in the NG22 postcode district. The below map shows the position of TOR HOUSE on TOR LANE.