1A, SCHOOL LANE, FARNDON, NEWARK, NG24 3SL - £227,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1A SCHOOL LANE is a midsized extended detached house of 105m², built sometime between 1983 and 1990. It was last sold for £227,500 in July 2015, which was about the average July 2015 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

1A SCHOOL LANE Sold Prices

Land registry data shows two sales for 1A 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. One of the two 1A SCHOOL LANE sales was roughly equal to the average price, whilst the other was 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
2015 28 JUL	£227,500	£227,298	Close to HPI
1999 30 JUL	£120,000	£85,619	40% above HPI

1A 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 1A SCHOOL LANE sales from July 1999 and July 2015 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 1999 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the July 2015 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 1A SCHOOL LANE?

1A SCHOOL LANE is 105m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the largest 50% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 1A SCHOOL LANE lies on this distribution: 53% of detached houses are smaller than 1A SCHOOL LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Farndon.

1A SCHOOL LANE: Plot and Title Map

1A SCHOOL LANE sits on a plot of roughly 832.9 acres, or 3,370,688m². The below map shows the location of 1A 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 1A 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 1A SCHOOL LANE?

1A SCHOOL LANE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 1A on SCHOOL LANE.