12, RICHMOND CLOSE, NEW BALDERTON, NEWARK, NG24 3EX - £172,000

12 RICHMOND CLOSE is a small extended detached house of 82m², built sometime between 1983 and 1990. It was last sold for £172,000 in March 2016, which was around 27% below the average March 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

12 RICHMOND CLOSE Sold Prices

Land registry data shows two sales for 12 RICHMOND CLOSE 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. Both of the two 12 RICHMOND CLOSE 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
2016 3 MAR	£172,000	£235,071	27% below HPI
1999 26 FEB	£57,000	£80,422	29% below HPI

12 RICHMOND CLOSE 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 12 RICHMOND CLOSE sales from February 1999 and March 2016 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 February 1999 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the March 2016 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 12 RICHMOND CLOSE?

12 RICHMOND CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the smallest 40% of detached houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses by size in Balderton, and where 12 RICHMOND CLOSE lies on this distribution: 35% of detached houses are smaller than 12 RICHMOND CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Balderton.

12 RICHMOND CLOSE: Plot and Title Map

12 RICHMOND CLOSE sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 12 RICHMOND 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 RICHMOND 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 RICHMOND CLOSE?

12 RICHMOND CLOSE is located in NEW BALDERTON, in the NG24 postcode district. The below map shows the position of No. 12 on RICHMOND CLOSE.