10, PARFITT DRIVE, FARNSFIELD, NEWARK, NG22 8FA - £490,000

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.

10 PARFITT DRIVE is a large detached house of 148m², built sometime between 1996 and 2002, which could now be worth an estimated £572,890. It was last sold for £490,000 in February 2021, which was around 63% above the average February 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was C.

10 PARFITT DRIVE Sold Prices

Land registry data shows four sales for 10 PARFITT DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 10 PARFITT DRIVE 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
2021 15 FEB	£490,000	£301,064	63% above HPI
2013 20 SEP	£372,000	£213,306	74% above HPI
2000 31 JUL	£205,000	£98,734	108% above HPI
1999 21 DEC	£205,808	£93,369	120% above HPI

10 PARFITT DRIVE 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 four 10 PARFITT DRIVE sales between December 1999 and February 2021 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 September 2013 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the February 2021 sale, where it falls to 63% above the HPI. The line then continues to track at 63% above the HPI.

What might 10 PARFITT DRIVE be worth now?

10 PARFITT DRIVE might now be worth an estimated £572,890.

This is based on house price inflation of 16.9%, between February 2021 and February 2025, for detached 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 16.9% inflationary increase is applied to the most recent sale price for 10 PARFITT DRIVE of £490,000 on 15th February 2021. For the value to have increased from £490,000 to £572,890 over the four years to February 2025, the following assumptions must hold true:

• The value of 10 PARFITT DRIVE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2021 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 10 PARFITT DRIVE has not materially changed since February 2021.

How Large is 10 PARFITT DRIVE?

10 PARFITT DRIVE is 148m² according to the EPC inspection conducted in April 2012. This puts it in the largest 40% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where 10 PARFITT DRIVE lies on this distribution: 66% of detached houses houses are smaller than 10 PARFITT DRIVE, and 34% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

10 PARFITT DRIVE: Plot and Title Map

10 PARFITT DRIVE sits on a plot of roughly 0.132 of an acre, or 536m². The below map shows the location of 10 PARFITT DRIVE, 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 10 PARFITT DRIVE). 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 10 PARFITT DRIVE?

10 PARFITT DRIVE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 10 on PARFITT DRIVE.