THE RICHMOND, WELLOW ROAD, OLLERTON, NEWARK, NG22 9AP - £254,000

THE RICHMOND is a large detached house of 123m². It was last sold for £254,000 in October 2018, which was around 8% below the average October 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2009, where the current energy rating was B, and the potential energy rating was B.

THE RICHMOND Sold Prices

Land registry data shows three sales for THE RICHMOND 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. One of the three THE RICHMOND sales was for below the average price, whilst two 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
2018 31 OCT	£254,000	£276,728	8% below HPI
2016 3 JUN	£240,000	£237,429	1% above HPI
2012 14 FEB	£229,000	£210,193	9% above HPI

THE RICHMOND 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 RICHMOND sales between February 2012 and October 2018 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 June 2016 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the October 2018 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is THE RICHMOND?

THE RICHMOND is 123m² according to the EPC inspection conducted in July 2009. 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 RICHMOND lies on this distribution: 68% of detached houses are smaller than THE RICHMOND, and 32% of houses are larger. Note that EPC data is not available for all properties in Ollerton.

THE RICHMOND: Plot and Title Map

THE RICHMOND sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of THE RICHMOND, 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 RICHMOND). 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 RICHMOND?

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