17, SCHOOL LANE, FARNDON, NEWARK, NG24 3SL - £170,000

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.

17 SCHOOL LANE is a very small extended detached house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £277,461. It was last sold for £170,000 in December 2011, which was around 21% below the average December 2011 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was C.

17 SCHOOL LANE Sold Prices

Land registry data shows two sales for 17 SCHOOL 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 17 SCHOOL 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
2011 16 DEC	£170,000	£215,666	21% below HPI
1999 16 APR	£52,000	£84,855	39% below HPI

17 SCHOOL 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 17 SCHOOL LANE sales from April 1999 and December 2011 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 April 1999 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2011 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 17 SCHOOL LANE be worth now?

17 SCHOOL LANE might now be worth an estimated £277,461.

This is based on house price inflation of 63.2%, between December 2011 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 63.2% inflationary increase is applied to the most recent sale price for 17 SCHOOL LANE of £170,000 on 16th December 2011. For the value to have increased from £170,000 to £277,461 over the fourteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 17 SCHOOL LANE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The December 2011 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 17 SCHOOL LANE has not materially changed since December 2011.

How Large is 17 SCHOOL LANE?

17 SCHOOL LANE is 75m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the smallest 20% 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 17 SCHOOL LANE lies on this distribution: 15% of detached houses houses are smaller than 17 SCHOOL LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Farndon.

17 SCHOOL LANE: Plot and Title Map

17 SCHOOL LANE sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 17 SCHOOL 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 17 SCHOOL 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 17 SCHOOL LANE?

17 SCHOOL LANE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 17 on SCHOOL LANE.