2, THE PADDOCKS, ELSTON, NEWARK, NG23 5PH - £265,000

2 THE PADDOCKS is a very small detached house of 63m², built sometime between 1983 and 1990. It was last sold for £265,000 in October 2021, which was around 16% below the average October 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was A.

2 THE PADDOCKS Sold Prices

Land registry data shows three sales for 2 THE PADDOCKS 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. Two of the three 2 THE PADDOCKS sales were for below the average price, whilst one was 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
2021 15 OCT	£265,000	£315,457	16% below HPI
1999 18 NOV	£92,000	£87,920	5% above HPI
1998 27 MAR	£76,500	£78,137	2% below HPI

2 THE PADDOCKS 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 PADDOCKS sales between March 1998 and October 2021 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 November 1999 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the October 2021 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 2 THE PADDOCKS?

2 THE PADDOCKS is 63m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in Elston, based on EPC data. The below chart shows the distribution of detached houses by size in Elston, and where 2 THE PADDOCKS lies on this distribution: 3% of detached houses are smaller than 2 THE PADDOCKS, and 97% of houses are larger. Note that EPC data is not available for all properties in Elston.

2 THE PADDOCKS: Plot and Title Map

2 THE PADDOCKS sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 2 THE PADDOCKS, 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 PADDOCKS). 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 PADDOCKS?

2 THE PADDOCKS is located in ELSTON, in the NG23 postcode district. The below map shows the position of No. 2 on THE PADDOCKS.