10, SPRING LANE, FARNSFIELD, NEWARK, NG22 8LD - £237,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

10 SPRING LANE is a small detached house of 109m², built sometime between 1950 and 1966. It was last sold for £237,000 in October 2011, which was around 15% above the average October 2011 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

10 SPRING LANE Sold Prices

Land registry data shows two sales for 10 SPRING LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. One of the two 10 SPRING LANE sales was for above the average price, whilst the other was 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
2011 17 OCT	£237,000	£205,564	15% above HPI
2010 4 JUN	£165,000	£200,785	18% below HPI

10 SPRING LANE 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 two 10 SPRING LANE sales from June 2010 and October 2011 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 2010 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2011 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 10 SPRING LANE?

10 SPRING LANE is 109m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 40% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where 10 SPRING LANE lies on this distribution: 33% of detached houses are smaller than 10 SPRING LANE, and 67% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

10 SPRING LANE: Plot and Title Map

10 SPRING LANE sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of 10 SPRING LANE, 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 SPRING LANE). 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 SPRING LANE?

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