18, HOME FARM CLOSE, KELHAM, NEWARK, NG23 5QB - £297,500

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.

18 HOME FARM CLOSE is a very large detached house of 192m², built sometime between 2003 and 2006, which could now be worth an estimated £481,083. It was last sold for £297,500 in February 2014, which was around 37% above the average February 2014 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

18 HOME FARM CLOSE Sold Prices

Land registry data shows three sales for 18 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 18 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
2014 26 FEB	£297,500	£217,671	37% above HPI
2013 8 APR	£287,500	£211,283	36% above HPI
2005 20 DEC	£299,950	£216,514	39% above HPI

18 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 18 HOME FARM CLOSE sales between December 2005 and February 2014 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 2013 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the February 2014 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 18 HOME FARM CLOSE be worth now?

18 HOME FARM CLOSE might now be worth an estimated £481,083.

This is based on house price inflation of 61.7%, between February 2014 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 61.7% inflationary increase is applied to the most recent sale price for 18 HOME FARM CLOSE of £297,500 on 26th February 2014. For the value to have increased from £297,500 to £481,083 over the eleven years to February 2025, the following assumptions must hold true:

• The value of 18 HOME FARM CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2014 sale price of £297,500 represented a fair market value for the property.
• The size, condition, and specification of 18 HOME FARM CLOSE has not materially changed since February 2014.

How Large is 18 HOME FARM CLOSE?

18 HOME FARM CLOSE is 192m² according to the EPC inspection conducted in July 2012. 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 18 HOME FARM CLOSE lies on this distribution: 86% of detached houses houses are smaller than 18 HOME FARM CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Kelham.

18 HOME FARM CLOSE: Plot and Title Map

18 HOME FARM CLOSE sits on a plot of roughly 0.175 of an acre, or 709m². The below map shows the location of 18 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 18 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 18 HOME FARM CLOSE?

18 HOME FARM CLOSE is located in KELHAM, in the NG23 postcode district. The below map shows the position of No. 18 on HOME FARM CLOSE.