WAYSIDE, TRENT LANE, SOUTH CLIFTON, NEWARK, NG23 7AE - £318,500

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

WAYSIDE is a very small extended detached house of 85m², built sometime between 1967 and 1975. It was last sold for £318,500 in May 2023, which was around 2% below the average May 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

WAYSIDE Sold Prices

Land registry data shows three sales for WAYSIDE 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 WAYSIDE 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
2023 30 MAY	£318,500	£325,463	2% below HPI
2021 9 NOV	£203,500	£306,282	34% below HPI
2003 14 FEB	£100,000	£156,310	36% below HPI

WAYSIDE 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 WAYSIDE sales between February 2003 and May 2023 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 November 2021 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the May 2023 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is WAYSIDE?

WAYSIDE is 85m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 20% of detached houses in South Clifton, based on EPC data. The below chart shows the distribution of detached houses by size in South Clifton, and where WAYSIDE lies on this distribution: 14% of detached houses are smaller than WAYSIDE, and 86% of houses are larger. Note that EPC data is not available for all properties in South Clifton.

WAYSIDE: Plot and Title Map

WAYSIDE sits on a plot of roughly 0.177 of an acre, or 716m². The below map shows the location of WAYSIDE, 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 WAYSIDE). 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 WAYSIDE?

WAYSIDE is located on TRENT LANE in SOUTH CLIFTON, in the NG23 postcode district. The below map shows the position of WAYSIDE on TRENT LANE.