15, WESTFIELD WAY, FARNDON, NEWARK, NG24 3TP - £262,000

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

15 WESTFIELD WAY is a large detached house of 111m², built sometime between 1983 and 1990, which could now be worth an estimated £338,439. It was last sold for £262,000 in August 2018, which was around 6% below the average August 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2009, where the current energy rating was C, and the potential energy rating was C.

15 WESTFIELD WAY Sold Prices

Land registry data shows three sales for 15 WESTFIELD WAY 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 15 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
2018 17 AUG	£262,000	£277,939	6% below HPI
2009 22 MAY	£164,500	£200,669	18% below HPI
2007 3 AUG	£185,000	£233,422	21% below HPI

15 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 three 15 WESTFIELD WAY sales between August 2007 and August 2018 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 2009 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2018 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 15 WESTFIELD WAY be worth now?

15 WESTFIELD WAY might now be worth an estimated £338,439.

This is based on house price inflation of 29.2%, between August 2018 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 29.2% inflationary increase is applied to the most recent sale price for 15 WESTFIELD WAY of £262,000 on 17th August 2018. For the value to have increased from £262,000 to £338,439 over the five years and eight months to December 2024, the following assumptions must hold true:

• The value of 15 WESTFIELD WAY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2018 sale price of £262,000 represented a fair market value for the property.
• The size, condition, and specification of 15 WESTFIELD WAY has not materially changed since August 2018.

How Large is 15 WESTFIELD WAY?

15 WESTFIELD WAY is 111m² according to the EPC inspection conducted in March 2009. This puts it in the largest 40% 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 WESTFIELD WAY lies on this distribution: 60% of detached houses houses are smaller than 15 WESTFIELD WAY, and 40% of houses are larger. Note that EPC data is not available for all properties in Farndon.

15 WESTFIELD WAY: Plot and Title Map

15 WESTFIELD WAY sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 15 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 15 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 15 WESTFIELD WAY?

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