7, BLACKSMITHS LANE, KELHAM, NEWARK, NG23 5QT - £325,000

7 BLACKSMITHS LANE is a very small extended detached house of 114m², built sometime between 1900 and 1929. It was last sold for £325,000 in January 2020, which was around 21% above the average January 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

7 BLACKSMITHS LANE Sold Prices

Land registry data shows two sales for 7 BLACKSMITHS LANE 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. One of the two 7 BLACKSMITHS LANE sales was for above the average price, whilst the other was 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
2020 3 JAN	£325,000	£268,877	21% above HPI
2009 6 NOV	£200,000	£204,033	2% below HPI

7 BLACKSMITHS LANE 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 7 BLACKSMITHS LANE sales from November 2009 and January 2020 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 2009 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the January 2020 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 7 BLACKSMITHS LANE?

7 BLACKSMITHS LANE is 114m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the smallest 20% of detached houses in Kelham, based on EPC data. The below chart shows the distribution of detached houses by size in Kelham, and where 7 BLACKSMITHS LANE lies on this distribution: 17% of detached houses are smaller than 7 BLACKSMITHS LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Kelham.

7 BLACKSMITHS LANE: Plot and Title Map

7 BLACKSMITHS LANE sits on a plot of roughly 0.318 of an acre, or 1,286m². The below map shows the location of 7 BLACKSMITHS LANE, 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 7 BLACKSMITHS LANE). 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 7 BLACKSMITHS LANE?

7 BLACKSMITHS LANE is located in KELHAM, in the NG23 postcode district. The below map shows the position of No. 7 on BLACKSMITHS LANE.