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

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

17 SCHOOL LANE is a very small extended detached house of 75m², built sometime between 1967 and 1975. It was last sold for £170,000 in December 2011, which was around 18% 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	£207,169	18% below HPI
1999 16 APR	£52,000	£81,511	36% 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 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the December 2011 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

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 in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 17 SCHOOL LANE lies on this distribution: 15% of detached 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.