WOODVIEW, THE CLOSE, AVERHAM, NEWARK, NG23 5RP - £228,700

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.

WOODVIEW is a small extended detached house of 130m², built sometime between 1950 and 1966, which could now be worth an estimated £354,717. It was last sold for £228,700 in May 2015, which was around 1% above the average May 2015 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2025, where the current energy rating was D, and the potential energy rating was C.

WOODVIEW Sold Prices

Land registry data shows two sales for WOODVIEW 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. One of the two WOODVIEW sales was for above the average price, whilst the other 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
2015 6 MAY	£228,700	£226,944	1% above HPI
1998 23 MAR	£80,000	£81,342	2% below HPI

WOODVIEW 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 WOODVIEW sales from March 1998 and May 2015 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 March 1998 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2015 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might WOODVIEW be worth now?

WOODVIEW might now be worth an estimated £354,717.

This is based on house price inflation of 55.1%, between May 2015 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 55.1% inflationary increase is applied to the most recent sale price for WOODVIEW of £228,700 on 6th May 2015. For the value to have increased from £228,700 to £354,717 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of WOODVIEW has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The May 2015 sale price of £228,700 represented a fair market value for the property.
• The size, condition, and specification of WOODVIEW has not materially changed since May 2015.

How Large is WOODVIEW?

WOODVIEW is 130m², which includes two extensions, according to the EPC inspection conducted in January 2025. This puts it in the smallest 40% of detached houses houses in Averham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Averham, and where WOODVIEW lies on this distribution: 39% of detached houses houses are smaller than WOODVIEW, and 58% of houses are larger. Note that EPC data is not available for all properties in Averham.

WOODVIEW: Plot and Title Map

WOODVIEW sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of WOODVIEW, 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 WOODVIEW). 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 WOODVIEW?

WOODVIEW is located on THE CLOSE in AVERHAM, in the NG23 postcode district. The below map shows the position of WOODVIEW on THE CLOSE.