2, PARFITT DRIVE, FARNSFIELD, NEWARK, NG22 8FA - £395,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 PARFITT DRIVE is a very small detached house of 93m², built sometime between 1996 and 2002, which could now be worth an estimated £482,636. It was last sold for £395,000 in October 2018, which was around 37% above the average October 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

2 PARFITT DRIVE Sold Prices

Land registry data shows two sales for 2 PARFITT DRIVE 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 PARFITT DRIVE 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
2018 26 OCT	£395,000	£288,079	37% above HPI
2000 18 MAY	£170,000	£93,650	82% above HPI

2 PARFITT DRIVE 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 PARFITT DRIVE sales from May 2000 and October 2018 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 May 2000 sale was for 82% above the HPI. So the extrapolation line tracks at 82% above the HPI over time, until the October 2018 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 2 PARFITT DRIVE be worth now?

2 PARFITT DRIVE might now be worth an estimated £482,636.

This is based on house price inflation of 22.2%, between October 2018 and February 2025, 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 22.2% inflationary increase is applied to the most recent sale price for 2 PARFITT DRIVE of £395,000 on 26th October 2018. For the value to have increased from £395,000 to £482,636 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 PARFITT DRIVE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2018 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARFITT DRIVE has not materially changed since October 2018.

How Large is 2 PARFITT DRIVE?

2 PARFITT DRIVE is 93m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 20% 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 PARFITT DRIVE lies on this distribution: 19% of detached houses houses are smaller than 2 PARFITT DRIVE, and 80% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

2 PARFITT DRIVE: Plot and Title Map

2 PARFITT DRIVE sits on a plot of roughly 0.199 of an acre, or 806m². The below map shows the location of 2 PARFITT DRIVE, 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 PARFITT DRIVE). 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 PARFITT DRIVE?

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