3, LUMLEY CLOSE, BILSTHORPE, NEWARK, NG22 8UB - £225,000

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.

3 LUMLEY CLOSE is a very large extended detached house of 158m², built sometime between 2003 and 2006, which could now be worth an estimated £306,245. It was last sold for £225,000 in June 2017, which was around 13% below the average June 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

3 LUMLEY CLOSE Sold Prices

Land registry data shows three sales for 3 LUMLEY CLOSE 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 3 LUMLEY 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
2017 30 JUN	£225,000	£257,468	13% below HPI
2015 30 JAN	£190,000	£231,431	18% below HPI
2009 27 NOV	£192,500	£212,402	9% below HPI

3 LUMLEY 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 three 3 LUMLEY CLOSE sales between November 2009 and June 2017 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 January 2015 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2017 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 3 LUMLEY CLOSE be worth now?

3 LUMLEY CLOSE might now be worth an estimated £306,245.

This is based on house price inflation of 36.1%, between June 2017 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 36.1% inflationary increase is applied to the most recent sale price for 3 LUMLEY CLOSE of £225,000 on 30th June 2017. For the value to have increased from £225,000 to £306,245 over the eight years to June 2025, the following assumptions must hold true:

• The value of 3 LUMLEY CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The June 2017 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LUMLEY CLOSE has not materially changed since June 2017.

How Large is 3 LUMLEY CLOSE?

3 LUMLEY CLOSE is 158m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the largest 10% of detached houses houses in Bilsthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bilsthorpe, and where 3 LUMLEY CLOSE lies on this distribution: 93% of detached houses houses are smaller than 3 LUMLEY CLOSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Bilsthorpe.

3 LUMLEY CLOSE: Plot and Title Map

3 LUMLEY CLOSE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 3 LUMLEY 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 3 LUMLEY 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 3 LUMLEY CLOSE?

3 LUMLEY CLOSE is located in BILSTHORPE, in the NG22 postcode district. The below map shows the position of No. 3 on LUMLEY CLOSE.