16, MURDOCH CLOSE, FARNSFIELD, NEWARK, NG22 8FE - £215,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 MURDOCH CLOSE is a very large detached house of 178m², built sometime between 1996 and 2002. It was last sold for £215,000 in September 2001, which was around 94% above the average September 2001 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was B.

16 MURDOCH CLOSE Sold Prices

Land registry data shows two sales for 16 MURDOCH CLOSE 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 16 MURDOCH 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
2001 14 SEP	£215,000	£110,705	94% above HPI
2000 19 MAY	£224,995	£89,960	150% above HPI

16 MURDOCH 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 two 16 MURDOCH CLOSE sales from May 2000 and September 2001 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 2000 sale was for 150% above the HPI. So the extrapolation line tracks at 150% above the HPI over time, until the September 2001 sale, where it falls to 94% above the HPI. The line then continues to track at 94% above the HPI.

How Large is 16 MURDOCH CLOSE?

16 MURDOCH CLOSE is 178m² according to the EPC inspection conducted in July 2016. This puts it in the largest 20% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where 16 MURDOCH CLOSE lies on this distribution: 82% of detached houses are smaller than 16 MURDOCH CLOSE, and 18% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

16 MURDOCH CLOSE: Plot and Title Map

16 MURDOCH CLOSE sits on a plot of roughly 0.137 of an acre, or 556m². The below map shows the location of 16 MURDOCH 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 MURDOCH 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 MURDOCH CLOSE?

16 MURDOCH CLOSE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 16 on MURDOCH CLOSE.