WHEELGATE, VICARAGE ROAD, SOUTH CLIFTON, NEWARK, NG23 7AQ - £265,000

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

WHEELGATE is a midsized extended detached house of 173m², built sometime between 1996 and 2002. It was last sold for £265,000 in October 2017, which was about the average October 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was C.

WHEELGATE Sold Prices

Land registry data shows four sales for WHEELGATE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. The four WHEELGATE sales were a mix of roughly equal to the average price, above the average price, and 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
2017 20 OCT	£265,000	£265,422	Close to HPI
2014 17 OCT	£250,000	£223,720	12% above HPI
2005 11 NOV	£204,000	£207,415	2% below HPI
1997 31 JAN	£55,000	£71,278	23% below HPI

WHEELGATE 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 four WHEELGATE sales between January 1997 and October 2017 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 October 2014 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the October 2017 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is WHEELGATE?

WHEELGATE is 173m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the largest 50% 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 WHEELGATE lies on this distribution: 55% of detached houses are smaller than WHEELGATE, and 45% of houses are larger. Note that EPC data is not available for all properties in South Clifton.

WHEELGATE: Plot and Title Map

WHEELGATE sits on a plot of roughly 0.198 of an acre, or 800m². The below map shows the location of WHEELGATE, 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 WHEELGATE). 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 WHEELGATE?

WHEELGATE is located on VICARAGE ROAD in SOUTH CLIFTON, in the NG23 postcode district. The below map shows the position of WHEELGATE on VICARAGE ROAD.