1A, VILLAGE WAY, FARNDON, NEWARK, NG24 4SX - £152,500

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

1A VILLAGE WAY is a very small detached house of 66m², built sometime between 1983 and 1990. It was last sold for £152,500 in June 2015, which was around 31% below the average June 2015 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2024, where the current energy rating was D, and the potential energy rating was B.

1A VILLAGE WAY Sold Prices

Land registry data shows four sales for 1A VILLAGE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 1A VILLAGE WAY 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
2015 30 JUN	£152,500	£219,537	31% below HPI
2009 1 JUN	£140,000	£195,628	28% below HPI
2007 13 JUN	£166,000	£218,670	24% below HPI
2002 30 OCT	£119,950	£143,192	16% below HPI

1A VILLAGE WAY 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 four 1A VILLAGE WAY sales between October 2002 and June 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 June 2009 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2015 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 1A VILLAGE WAY?

1A VILLAGE WAY is 66m² according to the EPC inspection conducted in August 2024. This puts it in the smallest 10% 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 VILLAGE WAY lies on this distribution: 6% of detached houses are smaller than 1A VILLAGE WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Farndon.

1A VILLAGE WAY: Plot and Title Map

1A VILLAGE WAY sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 1A VILLAGE WAY, 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 VILLAGE WAY). 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 VILLAGE WAY?

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