19, SPRING LANE, FARNSFIELD, NEWARK, NG22 8LD - £330,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

19 SPRING LANE is a very small extended detached house of 93m², built sometime between 1983 and 1990, which could now be worth an estimated £426,388. It was last sold for £330,000 in February 2018, which was around 19% above the average February 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

19 SPRING LANE Sold Prices

Land registry data shows two sales for 19 SPRING 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 19 SPRING LANE 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
2018 7 FEB	£330,000	£277,867	19% above HPI
2007 2 OCT	£275,000	£236,025	17% above HPI

19 SPRING 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 19 SPRING LANE sales from October 2007 and February 2018 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 October 2007 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the February 2018 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 19 SPRING LANE be worth now?

19 SPRING LANE might now be worth an estimated £426,388.

This is based on house price inflation of 29.2%, between February 2018 and December 2024, 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 29.2% inflationary increase is applied to the most recent sale price for 19 SPRING LANE of £330,000 on 7th February 2018. For the value to have increased from £330,000 to £426,388 over the five years and two months to December 2024, the following assumptions must hold true:

• The value of 19 SPRING LANE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2018 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 19 SPRING LANE has not materially changed since February 2018.

How Large is 19 SPRING LANE?

19 SPRING LANE is 93m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the smallest 20% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where 19 SPRING LANE lies on this distribution: 19% of detached houses houses are smaller than 19 SPRING LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

19 SPRING LANE: Plot and Title Map

19 SPRING LANE sits on a plot of roughly 0.114 of an acre, or 462m². The below map shows the location of 19 SPRING 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 19 SPRING 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 19 SPRING LANE?

19 SPRING LANE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 19 on SPRING LANE.