3, FERN CLOSE, SOUTHWELL, NG25 0DB - £282,500

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.

3 FERN CLOSE is a small extended detached house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £335,401. It was last sold for £282,500 in October 2020, which was around 5% below the average October 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

3 FERN CLOSE Sold Prices

Land registry data shows six sales for 3 FERN CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the six 3 FERN 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
2020 5 OCT	£282,500	£296,475	5% below HPI
2017 15 AUG	£250,000	£264,167	5% below HPI
1999 12 AUG	£80,000	£91,467	13% below HPI
1999 23 JUL	£79,000	£89,131	11% below HPI
1998 6 FEB	£77,000	£79,997	4% below HPI
1996 6 DEC	£54,000	£75,287	28% below HPI

3 FERN 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 six 3 FERN CLOSE sales between December 1996 and October 2020 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 2017 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the October 2020 sale, which was also at 5% below the HPI.

What might 3 FERN CLOSE be worth now?

3 FERN CLOSE might now be worth an estimated £335,401.

This is based on house price inflation of 18.7%, between October 2020 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 18.7% inflationary increase is applied to the most recent sale price for 3 FERN CLOSE of £282,500 on 5th October 2020. For the value to have increased from £282,500 to £335,401 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 FERN CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2020 sale price of £282,500 represented a fair market value for the property.
• The size, condition, and specification of 3 FERN CLOSE has not materially changed since October 2020.

How Large is 3 FERN CLOSE?

3 FERN CLOSE is 94m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 30% 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 3 FERN CLOSE lies on this distribution: 26% of detached houses houses are smaller than 3 FERN CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Southwell.

3 FERN CLOSE: Plot and Title Map

3 FERN CLOSE sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 3 FERN 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 3 FERN 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 3 FERN CLOSE?

3 FERN CLOSE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 3 on FERN CLOSE.