14, HOME FARM CLOSE, KELHAM, NEWARK, NG23 5QB - £320,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

14 HOME FARM CLOSE is a small detached house of 130m², built sometime between 1996 and 2002, which could now be worth an estimated £378,824. It was last sold for £320,000 in April 2021, which was around 8% above the average April 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

14 HOME FARM CLOSE Sold Prices

Land registry data shows three sales for 14 HOME FARM CLOSE 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 14 HOME FARM CLOSE 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
2021 15 APR	£320,000	£297,335	8% above HPI
2007 18 MAY	£270,000	£228,172	18% above HPI
2003 30 OCT	£250,000	£176,381	42% above HPI

14 HOME FARM CLOSE 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 HOME FARM CLOSE sales between October 2003 and April 2021 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 May 2007 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the April 2021 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 14 HOME FARM CLOSE be worth now?

14 HOME FARM CLOSE might now be worth an estimated £378,824.

This is based on house price inflation of 18.4%, between April 2021 and February 2025, 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 18.4% inflationary increase is applied to the most recent sale price for 14 HOME FARM CLOSE of £320,000 on 15th April 2021. For the value to have increased from £320,000 to £378,824 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 14 HOME FARM CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The April 2021 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 14 HOME FARM CLOSE has not materially changed since April 2021.

How Large is 14 HOME FARM CLOSE?

14 HOME FARM CLOSE is 130m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 40% of detached houses houses in Kelham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kelham, and where 14 HOME FARM CLOSE lies on this distribution: 34% of detached houses houses are smaller than 14 HOME FARM CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Kelham.

14 HOME FARM CLOSE: Plot and Title Map

14 HOME FARM CLOSE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 14 HOME FARM CLOSE, 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 HOME FARM CLOSE). 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 HOME FARM CLOSE?

14 HOME FARM CLOSE is located in KELHAM, in the NG23 postcode district. The below map shows the position of No. 14 on HOME FARM CLOSE.