19, VILLAGE CLOSE, FARNDON, NEWARK, NG24 4SY - £240,000

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.

19 VILLAGE CLOSE is a midsized detached house of 95m², built sometime between 1950 and 1966, which could now be worth an estimated £306,666. It was last sold for £240,000 in March 2018, which was around 13% below the average March 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2009, where the current energy rating was E, and the potential energy rating was E.

19 VILLAGE CLOSE Sold Prices

Land registry data shows two sales for 19 VILLAGE 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 19 VILLAGE CLOSE 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
2018 22 MAR	£240,000	£275,473	13% below HPI
2010 12 JUL	£155,000	£217,405	29% below HPI

19 VILLAGE 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 19 VILLAGE CLOSE sales from July 2010 and March 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 July 2010 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the March 2018 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 19 VILLAGE CLOSE be worth now?

19 VILLAGE CLOSE might now be worth an estimated £306,666.

This is based on house price inflation of 27.8%, between March 2018 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 27.8% inflationary increase is applied to the most recent sale price for 19 VILLAGE CLOSE of £240,000 on 22nd March 2018. For the value to have increased from £240,000 to £306,666 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of 19 VILLAGE CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 19 VILLAGE CLOSE has not materially changed since March 2018.

How Large is 19 VILLAGE CLOSE?

19 VILLAGE CLOSE is 95m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 50% 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 19 VILLAGE CLOSE lies on this distribution: 41% of detached houses houses are smaller than 19 VILLAGE CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Farndon.

19 VILLAGE CLOSE: Plot and Title Map

19 VILLAGE CLOSE sits on a plot of roughly 0.181 of an acre, or 731m². The below map shows the location of 19 VILLAGE 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 19 VILLAGE 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 19 VILLAGE CLOSE?

19 VILLAGE CLOSE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 19 on VILLAGE CLOSE.