2, THE PADDOCK, THORPE LEA, GUNTHORPE, NOTTINGHAM, NG14 7FG - £250,000

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.

2 THE PADDOCK is a midsized extended detached house of 139m², built sometime between 1976 and 1982, which could now be worth an estimated £402,485. It was last sold for £250,000 in February 2014, which was around 15% above the average February 2014 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

2 THE PADDOCK Sold Prices

Land registry data shows three sales for 2 THE PADDOCK 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 2 THE PADDOCK 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
2014 24 FEB	£250,000	£217,671	15% above HPI
2011 19 DEC	£245,000	£215,666	14% above HPI
1996 22 APR	£128,000	£75,215	70% above HPI

2 THE PADDOCK 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 2 THE PADDOCK sales between April 1996 and February 2014 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 December 2011 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the February 2014 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 2 THE PADDOCK be worth now?

2 THE PADDOCK might now be worth an estimated £402,485.

This is based on house price inflation of 61%, between February 2014 and June 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 61% inflationary increase is applied to the most recent sale price for 2 THE PADDOCK of £250,000 on 24th February 2014. For the value to have increased from £250,000 to £402,485 over the ten years and eight months to June 2025, the following assumptions must hold true:

• The value of 2 THE PADDOCK has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2014 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE PADDOCK has not materially changed since February 2014.

How Large is 2 THE PADDOCK?

2 THE PADDOCK is 139m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 50% of detached houses houses in Gunthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gunthorpe, and where 2 THE PADDOCK lies on this distribution: 47% of detached houses houses are smaller than 2 THE PADDOCK, and 52% of houses are larger. Note that EPC data is not available for all properties in Gunthorpe.

2 THE PADDOCK: Plot and Title Map

2 THE PADDOCK sits on a plot of roughly 0.147 of an acre, or 593m². The below map shows the location of 2 THE PADDOCK, 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 2 THE PADDOCK). 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 2 THE PADDOCK?

2 THE PADDOCK is located on THORPE LEA in GUNTHORPE, in the NG14 postcode district. The below map shows the position of 2 THE PADDOCK on THORPE LEA.