115, STATION LANE, FARNSFIELD, NEWARK, NG22 8LB - £280,000

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

115 STATION LANE is a small extended detached house of 110m², built sometime between 1967 and 1975. It was last sold for £280,000 in August 2016, which was around 16% above the average August 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

115 STATION LANE Sold Prices

Land registry data shows two sales for 115 STATION 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. Both of the two 115 STATION 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
2016 31 AUG	£280,000	£241,694	16% above HPI
2009 9 APR	£198,000	£191,594	3% above HPI

115 STATION 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 115 STATION LANE sales from April 2009 and August 2016 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 April 2009 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the August 2016 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 115 STATION LANE?

115 STATION LANE is 110m², which includes one extension, according to the EPC inspection conducted in May 2016. 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 115 STATION LANE lies on this distribution: 33% of detached houses are smaller than 115 STATION LANE, and 66% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

115 STATION LANE: Plot and Title Map

115 STATION LANE sits on a plot of roughly 0.164 of an acre, or 662m². The below map shows the location of 115 STATION 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 115 STATION 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 115 STATION LANE?

115 STATION LANE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 115 on STATION LANE.