2, CARDING CLOSE, FARNSFIELD, NEWARK, NG22 8FD - £248,000

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

2 CARDING CLOSE is a midsized detached house of 122m², built sometime between 1996 and 2002, which could now be worth an estimated £412,364. It was last sold for £248,000 in November 2005, which was around 15% above the average November 2005 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was C.

2 CARDING CLOSE Sold Prices

Land registry data shows three sales for 2 CARDING CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 2 CARDING CLOSE 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
2005 15 NOV	£248,000	£215,923	15% above HPI
2004 30 APR	£300,000	£189,370	58% above HPI
2001 12 APR	£164,950	£102,207	61% above HPI

2 CARDING 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 three 2 CARDING CLOSE sales between April 2001 and November 2005 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 April 2004 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the November 2005 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 2 CARDING CLOSE be worth now?

2 CARDING CLOSE might now be worth an estimated £412,364.

This is based on house price inflation of 66.3%, between November 2005 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 66.3% inflationary increase is applied to the most recent sale price for 2 CARDING CLOSE of £248,000 on 15th November 2005. For the value to have increased from £248,000 to £412,364 over the eighteen years and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 CARDING CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2005 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CARDING CLOSE has not materially changed since November 2005.

How Large is 2 CARDING CLOSE?

2 CARDING CLOSE is 122m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 50% 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 2 CARDING CLOSE lies on this distribution: 45% of detached houses houses are smaller than 2 CARDING CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

2 CARDING CLOSE: Plot and Title Map

2 CARDING CLOSE sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of 2 CARDING 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 2 CARDING 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 2 CARDING CLOSE?

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