14, CHAPEL LANE, FARNDON, NEWARK, NG24 3SR - £435,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

14 CHAPEL LANE is a very large extended detached house of 149m², built sometime between 1930 and 1949. It was last sold for £435,000 in March 2023, which was around 28% above the average March 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

14 CHAPEL LANE Sold Prices

Land registry data shows three sales for 14 CHAPEL 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. Two of the three 14 CHAPEL LANE sales were for above the average price, whilst one 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
2023 27 MAR	£435,000	£338,815	28% above HPI
2006 1 DEC	£250,000	£211,882	18% above HPI
2001 19 JUL	£24,095	£103,340	77% below HPI

14 CHAPEL 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 14 CHAPEL LANE sales between July 2001 and March 2023 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 December 2006 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the March 2023 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is 14 CHAPEL LANE?

14 CHAPEL LANE is 149m², which includes four extensions, according to the EPC inspection conducted in November 2019. This puts it in the largest 20% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 14 CHAPEL LANE lies on this distribution: 86% of detached houses are smaller than 14 CHAPEL LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Farndon.

14 CHAPEL LANE: Plot and Title Map

14 CHAPEL LANE sits on a plot of roughly 0.163 of an acre, or 660m². The below map shows the location of 14 CHAPEL 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 14 CHAPEL 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 14 CHAPEL LANE?

14 CHAPEL LANE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 14 on CHAPEL LANE.