THE BASSETTS, WELLOW ROAD, OLLERTON, NEWARK, NG22 9AP - £288,000

THE BASSETTS is a large detached house of 117m², built sometime between 1996 and 2002. It was last sold for £288,000 in June 2023, which was around 11% below the average June 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

THE BASSETTS Sold Prices

Land registry data shows three sales for THE BASSETTS 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. Two of the three THE BASSETTS sales were for below the average price, whilst one was for above 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
2023 22 JUN	£288,000	£322,056	11% below HPI
2016 13 MAY	£235,000	£241,520	3% below HPI
2010 16 AUG	£227,000	£212,696	7% above HPI

THE BASSETTS 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 THE BASSETTS sales between August 2010 and June 2023 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 2016 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the June 2023 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is THE BASSETTS?

THE BASSETTS is 117m² according to the EPC inspection conducted in September 2022. This puts it in the largest 40% of detached houses in Ollerton, based on EPC data. The below chart shows the distribution of detached houses by size in Ollerton, and where THE BASSETTS lies on this distribution: 65% of detached houses are smaller than THE BASSETTS, and 35% of houses are larger. Note that EPC data is not available for all properties in Ollerton.

THE BASSETTS: Plot and Title Map

THE BASSETTS sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of THE BASSETTS, 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 THE BASSETTS). 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 THE BASSETTS?

THE BASSETTS is located on WELLOW ROAD in OLLERTON, in the NG22 postcode district. The below map shows the position of THE BASSETTS on WELLOW ROAD.