THE OLD WORKSHOP, NORTOFT, GUILSBOROUGH, NORTHAMPTON, NN6 8QB - £300,000

THE OLD WORKSHOP is a very small extended detached house of 75m², built sometime before 1900. It was last sold for £300,000 in September 2020, which was around 24% below the average September 2020 detached price in the West Northamptonshire local authority area. The most recent EPC inspection was May 2011, where the current energy rating was F, and the potential energy rating was E.

THE OLD WORKSHOP Sold Prices

Land registry data shows five sales for THE OLD WORKSHOP since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the West Northamptonshire local authority area for the corresponding sale date. All of the five THE OLD WORKSHOP 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
2020 11 SEP	£300,000	£397,260	24% below HPI
2014 28 MAR	£248,000	£289,545	14% below HPI
2012 5 JUL	£245,000	£271,669	10% below HPI
2001 30 NOV	£137,000	£171,211	20% below HPI
1997 28 NOV	£85,000	£104,260	18% below HPI

THE OLD WORKSHOP Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Northamptonshire local authority area over time, sourced from the HPI. The five THE OLD WORKSHOP sales between November 1997 and September 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 March 2014 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2020 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is THE OLD WORKSHOP?

THE OLD WORKSHOP is 75m², which includes two extensions, according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of detached houses in Guilsborough, based on EPC data. The below chart shows the distribution of detached houses by size in Guilsborough, and where THE OLD WORKSHOP lies on this distribution: 4% of detached houses are smaller than THE OLD WORKSHOP, and 96% of houses are larger. Note that EPC data is not available for all properties in Guilsborough.

THE OLD WORKSHOP: Plot and Title Map

THE OLD WORKSHOP sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of THE OLD WORKSHOP, 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 WORKSHOP). 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 WORKSHOP?

THE OLD WORKSHOP is located on NORTOFT in GUILSBOROUGH, in the NN6 postcode district. The below map shows the position of THE OLD WORKSHOP on NORTOFT.