THE OLD SCHOOL CHAPEL, TOP STREET, ELSTON, NEWARK, NG23 5NP - £455,000

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.

THE OLD SCHOOL CHAPEL is a small extended terraced house of 115m², built sometime before 1900, which could now be worth an estimated £661,436. It was last sold for £455,000 in February 2016, which was around 294% above the average February 2016 terraced price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

THE OLD SCHOOL CHAPEL Sold Prices

Land registry data shows five sales for THE OLD SCHOOL CHAPEL since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Newark and Sherwood local authority area for the corresponding sale date. All of the five THE OLD SCHOOL CHAPEL sales were 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
2016 1 FEB	£455,000	£115,555	294% above HPI
2014 9 DEC	£485,000	£108,773	346% above HPI
2012 28 AUG	£375,000	£105,053	257% above HPI
2004 12 NOV	£320,000	£97,895	227% above HPI
1999 9 NOV	£190,000	£39,117	386% above HPI

THE OLD SCHOOL CHAPEL Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The five THE OLD SCHOOL CHAPEL sales between November 1999 and February 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 December 2014 sale was for 346% above the HPI. So the extrapolation line tracks at 346% above the HPI over time, until the February 2016 sale, where it falls to 294% above the HPI. The line then continues to track at 294% above the HPI.

What might THE OLD SCHOOL CHAPEL be worth now?

THE OLD SCHOOL CHAPEL might now be worth an estimated £661,436.

This is based on house price inflation of 45.4%, between February 2016 and June 2025, for terraced 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 45.4% inflationary increase is applied to the most recent sale price for THE OLD SCHOOL CHAPEL of £455,000 on 1st February 2016. For the value to have increased from £455,000 to £661,436 over the eight years and eight months to June 2025, the following assumptions must hold true:

• The value of THE OLD SCHOOL CHAPEL has moved in line with the HPI for terraced houses in the Newark and Sherwood local authority area.
• The February 2016 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD SCHOOL CHAPEL has not materially changed since February 2016.

How Large is THE OLD SCHOOL CHAPEL?

THE OLD SCHOOL CHAPEL is 115m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 30% of terraced houses houses in Elston, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Elston, and where THE OLD SCHOOL CHAPEL lies on this distribution: 23% of terraced houses houses are smaller than THE OLD SCHOOL CHAPEL, and 77% of houses are larger. Note that EPC data is not available for all properties in Elston.

THE OLD SCHOOL CHAPEL: Plot and Title Map

THE OLD SCHOOL CHAPEL sits on a plot of roughly 0.385 of an acre, or 1,560m². The below map shows the location of THE OLD SCHOOL CHAPEL, 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 OLD SCHOOL CHAPEL). 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 OLD SCHOOL CHAPEL?

THE OLD SCHOOL CHAPEL is located on TOP STREET in ELSTON, in the NG23 postcode district. The below map shows the position of THE OLD SCHOOL CHAPEL on TOP STREET.