12, GRICESON CLOSE, OLLERTON, NEWARK, NG22 9BD - £172,000

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.

12 GRICESON CLOSE is a very large extended semi-detached house of 137m², built sometime between 1950 and 1966, which could now be worth an estimated £265,214. It was last sold for £172,000 in July 2015, which was around 27% above the average July 2015 semi-detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

12 GRICESON CLOSE Sold Prices

Land registry data shows three sales for 12 GRICESON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 12 GRICESON CLOSE 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
2015 22 JUL	£172,000	£135,819	27% above HPI
2006 25 MAY	£156,000	£125,660	24% above HPI
1997 21 MAR	£49,000	£41,448	18% above HPI

12 GRICESON CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The three 12 GRICESON CLOSE sales between March 1997 and July 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 May 2006 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the July 2015 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 12 GRICESON CLOSE be worth now?

12 GRICESON CLOSE might now be worth an estimated £265,214.

This is based on house price inflation of 54.2%, between July 2015 and March 2025, for semi-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 54.2% inflationary increase is applied to the most recent sale price for 12 GRICESON CLOSE of £172,000 on 22nd July 2015. For the value to have increased from £172,000 to £265,214 over the ten years and four months to March 2025, the following assumptions must hold true:

• The value of 12 GRICESON CLOSE has moved in line with the HPI for semi-detached houses in the Newark and Sherwood local authority area.
• The July 2015 sale price of £172,000 represented a fair market value for the property.
• The size, condition, and specification of 12 GRICESON CLOSE has not materially changed since July 2015.

How Large is 12 GRICESON CLOSE?

12 GRICESON CLOSE is 137m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the largest 10% of semi-detached houses houses in Ollerton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ollerton, and where 12 GRICESON CLOSE lies on this distribution: 90% of semi-detached houses houses are smaller than 12 GRICESON CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Ollerton.

12 GRICESON CLOSE: Plot and Title Map

12 GRICESON CLOSE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 12 GRICESON CLOSE, 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 12 GRICESON CLOSE). 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 12 GRICESON CLOSE?

12 GRICESON CLOSE is located in OLLERTON, in the NG22 postcode district. The below map shows the position of No. 12 on GRICESON CLOSE.