11, WYKE LANE, FARNDON, NEWARK, NG24 3SP - £355,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

11 WYKE LANE is a very large extended detached house of 218m², built sometime between 1967 and 1975, which could now be worth an estimated £442,431. It was last sold for £355,000 in October 2018, which was around 23% above the average October 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was C.

11 WYKE LANE Sold Prices

Land registry data shows three sales for 11 WYKE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 11 WYKE LANE 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
2018 23 OCT	£355,000	£288,079	23% above HPI
2005 18 NOV	£242,000	£215,923	12% above HPI
2004 28 MAY	£215,000	£191,495	12% above HPI

11 WYKE 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 three 11 WYKE LANE sales between May 2004 and October 2018 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 November 2005 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the October 2018 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 11 WYKE LANE be worth now?

11 WYKE LANE might now be worth an estimated £442,431.

This is based on house price inflation of 24.6%, between October 2018 and December 2024, 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 24.6% inflationary increase is applied to the most recent sale price for 11 WYKE LANE of £355,000 on 23rd October 2018. For the value to have increased from £355,000 to £442,431 over the five years and ten months to December 2024, the following assumptions must hold true:

• The value of 11 WYKE LANE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2018 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 11 WYKE LANE has not materially changed since October 2018.

How Large is 11 WYKE LANE?

11 WYKE LANE is 218m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 10% of detached houses houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farndon, and where 11 WYKE LANE lies on this distribution: 96% of detached houses houses are smaller than 11 WYKE LANE, and 4% of houses are larger. Note that EPC data is not available for all properties in Farndon.

11 WYKE LANE: Plot and Title Map

11 WYKE LANE sits on a plot of roughly 0.230 of an acre, or 932m². The below map shows the location of 11 WYKE 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 11 WYKE 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 11 WYKE LANE?

11 WYKE LANE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 11 on WYKE LANE.