16, HOME FARM CLOSE, KELHAM, NEWARK, NG23 5QB - £445,000

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.

16 HOME FARM CLOSE is a very large extended detached house of 189m², built sometime between 2003 and 2006, which could now be worth an estimated £453,569. It was last sold for £445,000 in August 2024, which was around 29% above the average August 2024 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

16 HOME FARM CLOSE Sold Prices

Land registry data shows three sales for 16 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 16 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
2024 2 AUG	£445,000	£345,343	29% above HPI
2015 9 JAN	£299,950	£231,431	30% above HPI
2004 13 APR	£299,950	£189,370	58% above HPI

16 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 16 HOME FARM CLOSE sales between April 2004 and August 2024 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 January 2015 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the August 2024 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 16 HOME FARM CLOSE be worth now?

16 HOME FARM CLOSE might now be worth an estimated £453,569.

This is based on house price inflation of 1.9%, between August 2024 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 1.9% inflationary increase is applied to the most recent sale price for 16 HOME FARM CLOSE of £445,000 on 2nd August 2024. For the value to have increased from £445,000 to £453,569 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of 16 HOME FARM CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2024 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 16 HOME FARM CLOSE has not materially changed since August 2024.

How Large is 16 HOME FARM CLOSE?

16 HOME FARM CLOSE is 189m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the largest 20% 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 16 HOME FARM CLOSE lies on this distribution: 83% of detached houses houses are smaller than 16 HOME FARM CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Kelham.

16 HOME FARM CLOSE: Plot and Title Map

16 HOME FARM CLOSE sits on a plot of roughly 0.136 of an acre, or 549m². The below map shows the location of 16 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 16 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 16 HOME FARM CLOSE?

16 HOME FARM CLOSE is located in KELHAM, in the NG23 postcode district. The below map shows the position of No. 16 on HOME FARM CLOSE.