12 The Spinney, Elston, Newark, NG23 5PE is a freehold detached property built between 1996-2002. The property offers approximately 2,185 square feet of living space. In this location, properties of similar size usually have six bedrooms.

The estimated current market value of the property is £571,520 , which equates to approximately £262 per square foot. It was last sold on 9 Oct 2014 for £365,000. Since then, the value has increased by £206,520, representing a 56.6% increase, or approximately 5.1% per year.

The current estimated value of £571,520 is:

  • 20.0% higher than the average property price on The Spinney
  • 20.4% higher than the average in the NG23 5PE postcode area
  • and 138.5% higher than the average price for Newark as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 25 May 2019, the property was recorded as owner-occupied.

View sold house prices in NG23 5PE

Building approximate location

About Property

Type
Detached Bungalow
Built
1996-2002
Interior Size
2185 sq ft
Tenure
Freehold
Price (estimate)
£571,520
Price Per sq ft (estimate)
£262
Bedroom Count (estimate)
6 bedrooms

EPC Summary

12 The Spinney, Elston, Newark, Newark And Sherwood, Nottinghamshire, NG23 5PE has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 25 May 2019.

This property is heated by an air source heat pump and radiators. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 4 Apr 2011, when the property was rated C. The current rating of D reflects a decline in energy efficiency of 8.7%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from boiler and radiators, mains gas to air source heat pump, radiators, electric, changing energy efficiency from very good to good.
  • The hot water energy efficiency changing from very good to very poor, while the system remained as from main system.
  • The wall construction or insulation changed from cavity wall, filled cavity to cavity wall, as built, insulated (assumed), with no change in energy efficiency (good).
  • The lighting was updated from low energy lighting in 12% of fixed outlets to low energy lighting in 41% of fixed outlets, with efficiency improving from poor to average.
Heating Type
Air source heat pump, radiators, electric
Good
Hot Water
From main system
Very Poor
Roof
Pitched, 200 mm loft insulation
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 41% of fixed outlets
Average

Compared to NG23 5PE

5 th / 18
Price Rank
20% higher than average
2 nd / 13
Size Rank
31% bigger than average
10 th / 13
Price Per Sq FT Rank
8% lower than average

Compared to other properties in NG23 5PE , this bungalow's estimated value ranks 5th out of 18. Based on price per square foot, it ranks 10th out of 13 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 2nd out of 13 properties in its postcode area.

Sale History

Today
£571,520
streetscan.co.uk estimate
+57 %
9 Oct 2014
£365,000
Leasehold
+108.6 %
23 Aug 2002
£175,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 7
size: 2099 sq ft
sale price: £500,000
sale date: 16 Sep 2024
rooms: 6
size: 1938 sq ft
sale price: £318,000
sale date: 6 Oct 2017
rooms: 8
size: 2099 sq ft
sale price: £285,000
sale date: 21 Oct 2016
rooms: 7
size: 2239 sq ft
sale price: £315,000
sale date: 25 May 2006
rooms: 6
size: 2088 sq ft
sale price: £310,000
sale date: 26 Jun 2003

Data Sources

The property at 12 The Spinney, Elston, Newark, NG23 5PE appears two times in the Land Registry records, with the latest transaction recorded on 9 Oct 2014. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 25 May 2019. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


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