12, MARSH LANE, FARNDON, NEWARK, NG24 3SZ - £242,996

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

12 MARSH LANE is a large extended detached house of 135m², built sometime between 1976 and 1982. It was last sold for £242,996 in October 2022, which was around 27% below the average October 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

12 MARSH LANE Sold Prices

Land registry data shows three sales for 12 MARSH 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. One of the three 12 MARSH LANE sales was for below the average price, whilst two 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
2022 21 OCT	£242,996	£334,226	27% below HPI
2016 23 MAR	£240,000	£235,071	2% above HPI
2014 17 OCT	£225,000	£223,720	1% above HPI

12 MARSH 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 12 MARSH LANE sales between October 2014 and October 2022 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 March 2016 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2022 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 12 MARSH LANE?

12 MARSH LANE is 135m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 30% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 12 MARSH LANE lies on this distribution: 79% of detached houses are smaller than 12 MARSH LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Farndon.

12 MARSH LANE: Plot and Title Map

12 MARSH LANE sits on a plot of roughly 0.069 of an acre, or 277m². The below map shows the location of 12 MARSH 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 12 MARSH 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 12 MARSH LANE?

12 MARSH LANE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 12 on MARSH LANE.