SOUTHLANDS, NORWELL LANE, CROMWELL, NEWARK, NG23 6JQ - £215,000

SOUTHLANDS is a very small extended detached house of 88m², built sometime between 1967 and 1975. It was last sold for £215,000 in August 2016, which was around 11% below the average August 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2016, where the current energy rating was F, and the potential energy rating was B.

SOUTHLANDS Sold Prices

Land registry data shows two sales for SOUTHLANDS 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 SOUTHLANDS 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
2016 5 AUG	£215,000	£241,694	11% below HPI
2000 21 SEP	£98,000	£102,782	5% below HPI

SOUTHLANDS 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 SOUTHLANDS sales from September 2000 and August 2016 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 September 2000 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2016 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is SOUTHLANDS?

SOUTHLANDS is 88m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of detached houses in Cromwell, based on EPC data. The below chart shows the distribution of detached houses by size in Cromwell, and where SOUTHLANDS lies on this distribution: 4% of detached houses are smaller than SOUTHLANDS, and 96% of houses are larger. Note that EPC data is not available for all properties in Cromwell.

SOUTHLANDS: Plot and Title Map

SOUTHLANDS sits on a plot of roughly 0.248 of an acre, or 1,005m². The below map shows the location of SOUTHLANDS, 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 SOUTHLANDS). 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 SOUTHLANDS?

SOUTHLANDS is located on NORWELL LANE in CROMWELL, in the NG23 postcode district. The below map shows the position of SOUTHLANDS on NORWELL LANE.