3, THE FURZE, KIRTON, NEWARK, NG22 9LF - £145,000

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 THE FURZE is a very small detached house of 61m², built sometime between 2003 and 2006, which could now be worth an estimated £270,474. It was last sold for £145,000 in March 2004, which was around 23% below the average March 2004 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was A.

3 THE FURZE Sold Prices

Land registry data shows three sales for 3 THE FURZE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 3 THE FURZE 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
2004 25 MAR	£145,000	£188,702	23% below HPI
2002 25 JAN	£81,500	£119,443	32% below HPI
1998 30 APR	£52,000	£81,380	36% below HPI

3 THE FURZE 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 three 3 THE FURZE sales between April 1998 and March 2004 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 January 2002 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the March 2004 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 3 THE FURZE be worth now?

3 THE FURZE might now be worth an estimated £270,474.

This is based on house price inflation of 86.5%, between March 2004 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 86.5% inflationary increase is applied to the most recent sale price for 3 THE FURZE of £145,000 on 25th March 2004. For the value to have increased from £145,000 to £270,474 over the 21 years and one month to February 2025, the following assumptions must hold true:

• The value of 3 THE FURZE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2004 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE FURZE has not materially changed since March 2004.

How Large is 3 THE FURZE?

3 THE FURZE is 61m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 10% of detached houses houses in Kirton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kirton, and where 3 THE FURZE lies on this distribution: 2% of detached houses houses are smaller than 3 THE FURZE, and 98% of houses are larger. Note that EPC data is not available for all properties in Kirton.

3 THE FURZE: Plot and Title Map

3 THE FURZE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 3 THE FURZE, 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 THE FURZE). 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 THE FURZE?

3 THE FURZE is located in KIRTON, in the NG22 postcode district. The below map shows the position of No. 3 on THE FURZE.