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

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 SPRING LANE is a small detached house of 109m², built sometime between 1950 and 1966, which could now be worth an estimated £389,831. It was last sold for £237,000 in October 2011, which was around 11% 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	£213,996	11% above HPI
2010 4 JUN	£165,000	£209,021	21% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2011 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 10 SPRING LANE be worth now?

10 SPRING LANE might now be worth an estimated £389,831.

This is based on house price inflation of 64.5%, between October 2011 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 64.5% inflationary increase is applied to the most recent sale price for 10 SPRING LANE of £237,000 on 17th October 2011. For the value to have increased from £237,000 to £389,831 over the fourteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 10 SPRING LANE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2011 sale price of £237,000 represented a fair market value for the property.
• The size, condition, and specification of 10 SPRING LANE has not materially changed since October 2011.

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 houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where 10 SPRING LANE lies on this distribution: 33% of detached houses 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.