ASHLEA, CRAB LANE, NORTH MUSKHAM, NEWARK, NG23 6HH - £255,000

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.

ASHLEA is a small extended detached house of 112m², built sometime between 1967 and 1975, which could now be worth an estimated £277,861. It was last sold for £255,000 in April 2022, which was around 21% below the average April 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was B.

ASHLEA Sold Prices

Land registry data shows two sales for ASHLEA 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. Both of the two ASHLEA 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
2022 14 APR	£255,000	£323,033	21% below HPI
2021 10 FEB	£220,000	£301,064	27% below HPI

ASHLEA 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 ASHLEA sales from February 2021 and April 2022 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 February 2021 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2022 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might ASHLEA be worth now?

ASHLEA might now be worth an estimated £277,861.

This is based on house price inflation of 9%, between April 2022 and February 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 9% inflationary increase is applied to the most recent sale price for ASHLEA of £255,000 on 14th April 2022. For the value to have increased from £255,000 to £277,861 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of ASHLEA has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The April 2022 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of ASHLEA has not materially changed since April 2022.

How Large is ASHLEA?

ASHLEA is 112m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the smallest 40% of detached houses houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Muskham, and where ASHLEA lies on this distribution: 37% of detached houses houses are smaller than ASHLEA, and 62% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

ASHLEA: Plot and Title Map

ASHLEA sits on a plot of roughly 0.158 of an acre, or 639m². The below map shows the location of ASHLEA, 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 ASHLEA). 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 ASHLEA?

ASHLEA is located on CRAB LANE in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of ASHLEA on CRAB LANE.