3, MILLDALE ROAD, FARNSFIELD, NEWARK, NG22 8DQ - £260,000

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.

3 MILLDALE ROAD is a very small detached house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £279,995. It was last sold for £260,000 in January 2022, which was around 21% below the average January 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

3 MILLDALE ROAD Sold Prices

Land registry data shows two sales for 3 MILLDALE ROAD 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 3 MILLDALE ROAD 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
2022 17 JAN	£260,000	£329,740	21% below HPI
2012 24 FEB	£155,000	£218,815	29% below HPI

3 MILLDALE ROAD 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 3 MILLDALE ROAD sales from February 2012 and January 2022 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 February 2012 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the January 2022 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 3 MILLDALE ROAD be worth now?

3 MILLDALE ROAD might now be worth an estimated £279,995.

This is based on house price inflation of 7.7%, between January 2022 and March 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 7.7% inflationary increase is applied to the most recent sale price for 3 MILLDALE ROAD of £260,000 on 17th January 2022. For the value to have increased from £260,000 to £279,995 over the two years and ten months to March 2025, the following assumptions must hold true:

• The value of 3 MILLDALE ROAD has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The January 2022 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILLDALE ROAD has not materially changed since January 2022.

How Large is 3 MILLDALE ROAD?

3 MILLDALE ROAD is 90m² according to the EPC inspection conducted in September 2021. 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 3 MILLDALE ROAD lies on this distribution: 17% of detached houses houses are smaller than 3 MILLDALE ROAD, and 82% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

3 MILLDALE ROAD: Plot and Title Map

3 MILLDALE ROAD sits on a plot of roughly 0.131 of an acre, or 531m². The below map shows the location of 3 MILLDALE ROAD, 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 MILLDALE ROAD). 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 MILLDALE ROAD?

3 MILLDALE ROAD is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 3 on MILLDALE ROAD.