48, WELHAM GROVE, RETFORD, DN22 6TS - £177,000

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.

48 WELHAM GROVE is a very small extended detached house of 76m², built sometime between 1976 and 1982, which could now be worth an estimated £207,212. It was last sold for £177,000 in June 2021, which was around 33% below the average June 2021 detached price in the Bassetlaw local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

48 WELHAM GROVE Sold Prices

Land registry data shows four sales for 48 WELHAM GROVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. All of the four 48 WELHAM GROVE 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
2021 30 JUN	£177,000	£262,906	33% below HPI
2009 15 MAY	£120,000	£169,996	29% below HPI
2004 29 JUN	£134,000	£156,876	15% below HPI
1996 10 MAY	£47,500	£65,571	28% below HPI

48 WELHAM GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The four 48 WELHAM GROVE sales between May 1996 and June 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 May 2009 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2021 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 48 WELHAM GROVE be worth now?

48 WELHAM GROVE might now be worth an estimated £207,212.

This is based on house price inflation of 17.1%, between June 2021 and June 2025, for detached houses, in the Bassetlaw local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.1% inflationary increase is applied to the most recent sale price for 48 WELHAM GROVE of £177,000 on 30th June 2021. For the value to have increased from £177,000 to £207,212 over the four years to June 2025, the following assumptions must hold true:

• The value of 48 WELHAM GROVE has moved in line with the HPI for detached houses in the Bassetlaw local authority area.
• The June 2021 sale price of £177,000 represented a fair market value for the property.
• The size, condition, and specification of 48 WELHAM GROVE has not materially changed since June 2021.

How Large is 48 WELHAM GROVE?

48 WELHAM GROVE is 76m², which includes two extensions, according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% of detached houses houses in Retford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Retford, and where 48 WELHAM GROVE lies on this distribution: 11% of detached houses houses are smaller than 48 WELHAM GROVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Retford.

48 WELHAM GROVE: Plot and Title Map

48 WELHAM GROVE sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 48 WELHAM GROVE, 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 48 WELHAM GROVE). 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 48 WELHAM GROVE?

48 WELHAM GROVE is located in RETFORD, in the DN22 postcode district. The below map shows the position of No. 48 on WELHAM GROVE.