2, BIRCH AVENUE, FARNSFIELD, NEWARK, NG22 8LG - £285,000

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

2 BIRCH AVENUE is a small extended detached house of 106m², built sometime between 1950 and 1966. It was last sold for £285,000 in January 2015, which was around 28% above the average January 2015 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

2 BIRCH AVENUE Sold Prices

Land registry data shows two sales for 2 BIRCH AVENUE 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 2 BIRCH AVENUE sales was for above the average price, whilst the other was 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 19 JAN	£285,000	£222,312	28% above HPI
2000 23 AUG	£97,000	£98,569	2% below HPI

2 BIRCH AVENUE 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 2 BIRCH AVENUE sales from August 2000 and January 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 August 2000 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the January 2015 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is 2 BIRCH AVENUE?

2 BIRCH AVENUE is 106m², which includes two extensions, according to the EPC inspection conducted in June 2014. This puts it in the smallest 30% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where 2 BIRCH AVENUE lies on this distribution: 29% of detached houses are smaller than 2 BIRCH AVENUE, and 70% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

2 BIRCH AVENUE: Plot and Title Map

2 BIRCH AVENUE sits on a plot of roughly 0.153 of an acre, or 618m². The below map shows the location of 2 BIRCH AVENUE, 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 2 BIRCH AVENUE). 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 2 BIRCH AVENUE?

2 BIRCH AVENUE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 2 on BIRCH AVENUE.