2, FARTHINGATE CLOSE, SOUTHWELL, NG25 0HU - £525,000

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 FARTHINGATE CLOSE is a midsized extended detached house of 121m², built sometime between 1967 and 1975, which could now be worth an estimated £611,299. It was last sold for £525,000 in September 2021, which was around 70% above the average September 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2016, where the current energy rating was E, and the potential energy rating was C.

2 FARTHINGATE CLOSE Sold Prices

Land registry data shows two sales for 2 FARTHINGATE 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 2 FARTHINGATE 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
2021 13 SEP	£525,000	£308,343	70% above HPI
2017 14 JUL	£330,011	£260,179	27% above HPI

2 FARTHINGATE 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 2 FARTHINGATE CLOSE sales from July 2017 and September 2021 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 2017 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the September 2021 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

What might 2 FARTHINGATE CLOSE be worth now?

2 FARTHINGATE CLOSE might now be worth an estimated £611,299.

This is based on house price inflation of 16.4%, between September 2021 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 16.4% inflationary increase is applied to the most recent sale price for 2 FARTHINGATE CLOSE of £525,000 on 13th September 2021. For the value to have increased from £525,000 to £611,299 over the two years and nine months to December 2024, the following assumptions must hold true:

• The value of 2 FARTHINGATE CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2021 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FARTHINGATE CLOSE has not materially changed since September 2021.

How Large is 2 FARTHINGATE CLOSE?

2 FARTHINGATE CLOSE is 121m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 50% of detached houses houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwell, and where 2 FARTHINGATE CLOSE lies on this distribution: 51% of detached houses houses are smaller than 2 FARTHINGATE CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Southwell.

2 FARTHINGATE CLOSE: Plot and Title Map

2 FARTHINGATE CLOSE sits on a plot of roughly 0.137 of an acre, or 555m². The below map shows the location of 2 FARTHINGATE 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 FARTHINGATE 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 FARTHINGATE CLOSE?

2 FARTHINGATE CLOSE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 2 on FARTHINGATE CLOSE.