The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ

Detached
6
2293 sq ft
27.1%
PROPERTY VALUATION
£
Last sold: April 2021
INVESTMENT PERFORMANCE
Investment return: -5.4% per year throughout 2020 - 2021
PRICE CHANGE
£133,000
Percentage change: +27.1%
REFINE VALUATION

Property summary Last updated: 03/05/2024

Last updated: 03/05/2024

The Manor, South Street is a 6 bedroom detached house spread over 2,293 square feet, making it one of the largest properties here - it is ranked as the 3rd most expensive property* in NG23 6RQ, with a valuation of £623,000.

Since it last sold in April 2021 for £490,000, its value has increased by £133,000.

House floorplan
Detached houses across NG23 6 have been selling for £260 per square foot.

We expect this property to be in a reasonable condition based on its price per square foot; it is currently valued at £271 per square foot.

  • The latest sale in NG23 6RQ went for £295k on 26 Aug 2021.
  • The average current property value here is £451,000.
  • 10 properties have sold in NG23 6RQ over the last 5 years.
  • 26 detached houses have sold at an average price of £481,000 in NG23 6 over the last 12 months.
Recent sales
Searching for recent sales near here

Expected property condition

At a sale price of £623k, we expect this property to be in a similar condition to the neighbouring properties in the road.

As it has a similar cost per square foot to the other properties in the road, we think it is likely to be in a reasonable decorative condition.

Update property condition

At a valuation of £623k this property has a cost per square foot of £271 - this is comparable with the average for properties for the area (which is currently £257).

27%
This property has increased in price by 27% since it last sold 3 years ago.
38%
This property is 38% more expensive than average in South Street, NG23 6RQ.

Sale history

The most paid for a property in South Street, NG23 6RQ was £610,000 in 2016.

Date Price Change
Today's value* £623,000 27.1%
12 Apr 2021 £490,000 2.0%
30 Nov 2020 £500,000 5.3%
Investment Performance
Annual change: -5.4%

The previous owner had the property for 4 months, having purchased it in November 2020 for £500,000. They then sold it in April 2021 for £490,000

During this time, the price fell by £10,000 (-2%), which equates to it falling in value by -5.4% each year.

The property didn't turn out to be a great investment for the previous owner.

The local market - South Street, NG23 6RQ

  • The average property value here is £451,000.
    • Valuations range from £111,000 to £2,102,000.
  • South Street has 3 postcodes associated with it.
    • The average price of property in South Street is £444,928.
    • Property in South Street typically sells for between £218 and £296 per square foot.
    • Properties in South Street are currently valued at an average cost per square foot of £257.
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ

Valuation details

The Manor, South Street, Normanton On Trent has increased in price by £133,000 since it last sold in 2021 - this equates to a 8% rise each year.

At its last energy performance certificate inspection, it got an above average rating for this postcode with a score of 51 out of 100.

On a cost per square foot basis, this property is valued at 4% more than the other houses in this postcode.

Essential info

  • 6 bedroom freehold detached house
  • 2,293 square feet
  • 34% bigger than the average property in this postcode
  • 38% more expensive than the average here

This property is currently valued at £271 per square foot - the average cost per square foot for this postcode is £261.

A higher cost per square foot can indicate that the property is in a better condition than the other properties or that it has a bigger garden (for more information see our valuation review) of this property.

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £716,000.

Essential buying details

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £601k and £645k.

  • The property didn't turn out to be a great investment for the previous owner - returning on average -5.4% per annum.

PropertyValuation
The Old Smithy, South Street
334 sq.ft.
£111,000
Beswick, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ Beswick, South Street
3 bed | 958 sq. ft.
£329,000
Vincent House, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ Vincent House, South Street
3 bed | 1087 sq. ft.
£331,000
Trevice, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ Trevice, South Street
3 bed | 1604 sq. ft.
£333,000
Baytree Cottage, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ Baytree Cottage, South Street
3 bed | 1184 sq. ft.
£364,000
Ormonde Cottage, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ Ormonde Cottage, South Street
3 bed | 1733 sq. ft.
£398,000
Lavender Cottage, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ Lavender Cottage, South Street
3 bed | 1561 sq. ft.
£400,000
The Manor, South Street, Normanton On Trent, Newark, Bassetlaw, Nottinghamshire, NG23 6RQ The Manor, South Street
6 bed | 2293 sq. ft.
£623,000
OFFERS EXPECTED TO BE IN THE REGION OF:
£601k - £645k

Most likely sale price: £623k

Tell us about the condition of the property to get a more accurate valuation.

Our property valuation model calculates the latest property prices using data from trusted external sources in combination with available user-submitted information - this includes HM Land Registry which is the UK's official register for ownership of land and property in England and Wales.

The model takes into account what has sold, when and how prices have changed over time. It also brings in multiple datasources to cross reference accuracy with the latest sales data and cost per square foot benchmarks.

In addtion to this, we filter out bad data where we are able to identify it so we can improve accuracy.

If home improvements have been made or the property has been extended after it was last purchased, these improvements won't be taken into account if we don't know about them. For properties that have had home improvements made, you can get an updated valuation here.

A number of things can make a property more desirable and sell for more money per square foot than others in the area.

Some of the things that can cause a property to be worth more per square foot include:

  • Good school catchment area
  • Good transport links
  • Bigger garden
  • Offstreet parking and garages
  • High quality architectural designs (a.k.a pretty houses!)
  • Good quality home improvements

We use multiple data sources to provide reliable property information to you.

Some of the data sources we use are:

  • HM Land Registry
  • Ordnance Survey
  • Department for Levelling Up, Housing & Communities
  • Royal Mail
  • Estate agents
  • Property listings

* Excluding properties that we've been unable to calculate a valuation for.

** Excludes property transactions that occurred before 1995.

Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.

Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.

The latest HM Land registry data covers property transactions up until 31/03/2024 - this was released on the 29/04/2024.