12, WESTFIELD WAY, FARNDON, NEWARK, NG24 3TP - £310,000

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

12 WESTFIELD WAY is a midsized detached house of 98m², built sometime between 1983 and 1990, which could now be worth an estimated £335,506. It was last sold for £310,000 in April 2024, which was around 7% below the average April 2024 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

12 WESTFIELD WAY Sold Prices

Land registry data shows two sales for 12 WESTFIELD WAY 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 12 WESTFIELD WAY sales were 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
2024 11 APR	£310,000	£331,734	7% below HPI
2017 31 JAN	£187,500	£257,232	27% below HPI

12 WESTFIELD WAY 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 12 WESTFIELD WAY sales from January 2017 and April 2024 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 January 2017 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2024 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 12 WESTFIELD WAY be worth now?

12 WESTFIELD WAY might now be worth an estimated £335,506.

This is based on house price inflation of 8.2%, between April 2024 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 8.2% inflationary increase is applied to the most recent sale price for 12 WESTFIELD WAY of £310,000 on 11th April 2024. For the value to have increased from £310,000 to £335,506 over the four months to December 2024, the following assumptions must hold true:

• The value of 12 WESTFIELD WAY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The April 2024 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 12 WESTFIELD WAY has not materially changed since April 2024.

How Large is 12 WESTFIELD WAY?

12 WESTFIELD WAY is 98m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 50% 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 12 WESTFIELD WAY lies on this distribution: 44% of detached houses houses are smaller than 12 WESTFIELD WAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Farndon.

12 WESTFIELD WAY: Plot and Title Map

12 WESTFIELD WAY sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 12 WESTFIELD WAY, 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 WESTFIELD WAY). 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 WESTFIELD WAY?

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