15, CROSS LANE, FARNDON, NEWARK, NG24 3SH - £172,500

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.

15 CROSS LANE is a small detached house of 80m², built sometime between 1967 and 1975, which could now be worth an estimated £272,993. It was last sold for £172,500 in April 2014, which was around 22% below the average April 2014 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

15 CROSS LANE Sold Prices

Land registry data shows two sales for 15 CROSS 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 15 CROSS LANE 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
2014 25 APR	£172,500	£222,419	22% below HPI
1998 24 SEP	£74,000	£90,713	18% below HPI

15 CROSS 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 15 CROSS LANE sales from September 1998 and April 2014 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 September 1998 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the April 2014 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 15 CROSS LANE be worth now?

15 CROSS LANE might now be worth an estimated £272,993.

This is based on house price inflation of 58.3%, between April 2014 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 58.3% inflationary increase is applied to the most recent sale price for 15 CROSS LANE of £172,500 on 25th April 2014. For the value to have increased from £172,500 to £272,993 over the eleven years and two months to February 2025, the following assumptions must hold true:

• The value of 15 CROSS LANE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The April 2014 sale price of £172,500 represented a fair market value for the property.
• The size, condition, and specification of 15 CROSS LANE has not materially changed since April 2014.

How Large is 15 CROSS LANE?

15 CROSS LANE is 80m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 30% 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 15 CROSS LANE lies on this distribution: 22% of detached houses houses are smaller than 15 CROSS LANE, and 78% of houses are larger. Note that EPC data is not available for all properties in Farndon.

15 CROSS LANE: Plot and Title Map

15 CROSS LANE sits on a plot of roughly 0.118 of an acre, or 477m². The below map shows the location of 15 CROSS 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 15 CROSS 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 15 CROSS LANE?

15 CROSS LANE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 15 on CROSS LANE.