15, WYKE LANE, FARNDON, NEWARK, NG24 3SP - £400,000

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.

15 WYKE LANE is a midsized extended detached house of 106m², built sometime between 1967 and 1975, which could now be worth an estimated £467,332. It was last sold for £400,000 in November 2020, which was around 33% above the average November 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

15 WYKE LANE Sold Prices

Land registry data shows two sales for 15 WYKE 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. One of the two 15 WYKE LANE sales was for above the average price, whilst the other 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
2020 6 NOV	£400,000	£301,279	33% above HPI
2019 31 MAY	£205,000	£275,402	26% below HPI

15 WYKE 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 WYKE LANE sales from May 2019 and November 2020 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 2019 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2020 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might 15 WYKE LANE be worth now?

15 WYKE LANE might now be worth an estimated £467,332.

This is based on house price inflation of 16.8%, between November 2020 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 16.8% inflationary increase is applied to the most recent sale price for 15 WYKE LANE of £400,000 on 6th November 2020. For the value to have increased from £400,000 to £467,332 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 15 WYKE LANE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2020 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 15 WYKE LANE has not materially changed since November 2020.

How Large is 15 WYKE LANE?

15 WYKE LANE is 106m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the largest 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 15 WYKE LANE lies on this distribution: 55% of detached houses houses are smaller than 15 WYKE LANE, and 44% of houses are larger. Note that EPC data is not available for all properties in Farndon.

15 WYKE LANE: Plot and Title Map

15 WYKE LANE sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of 15 WYKE 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 WYKE 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 WYKE LANE?

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