2, MEADOW CLOSE, FARNSFIELD, NEWARK, NG22 8DS - £185,000

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 MEADOW CLOSE is a small extended detached house of 112m², built sometime between 1967 and 1975. It was last sold for £185,000 in September 2016, which was around 26% below the average September 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2023, where the current energy rating was D, and the potential energy rating was B.

2 MEADOW CLOSE Sold Prices

Land registry data shows two sales for 2 MEADOW 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 MEADOW CLOSE 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
2016 12 SEP	£185,000	£248,843	26% below HPI
2011 24 JUN	£201,000	£211,027	5% below HPI

2 MEADOW 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 MEADOW CLOSE sales from June 2011 and September 2016 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 2011 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the September 2016 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2 MEADOW CLOSE?

2 MEADOW CLOSE is 112m², which includes one extension, according to the EPC inspection conducted in December 2023. This puts it in the smallest 40% 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 MEADOW CLOSE lies on this distribution: 35% of detached houses are smaller than 2 MEADOW CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

2 MEADOW CLOSE: Plot and Title Map

2 MEADOW CLOSE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 2 MEADOW 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 MEADOW 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 MEADOW CLOSE?

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