30, SPRING LANE, FARNSFIELD, NEWARK, NG22 8LD - £260,000

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

30 SPRING LANE is a very small detached house of 87m², built sometime between 1983 and 1990. It was last sold for £260,000 in November 2015, which was around 10% above the average November 2015 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

30 SPRING LANE Sold Prices

Land registry data shows two sales for 30 SPRING LANE 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 30 SPRING LANE 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
2015 2 NOV	£260,000	£237,365	10% above HPI
2001 19 JUL	£129,950	£103,340	26% above HPI

30 SPRING LANE 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 30 SPRING LANE sales from July 2001 and November 2015 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 July 2001 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the November 2015 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 30 SPRING LANE?

30 SPRING LANE is 87m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where 30 SPRING LANE lies on this distribution: 14% of detached houses are smaller than 30 SPRING LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

30 SPRING LANE: Plot and Title Map

30 SPRING LANE sits on a plot of roughly 0.139 of an acre, or 561m². The below map shows the location of 30 SPRING LANE, 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 30 SPRING LANE). 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 30 SPRING LANE?

30 SPRING LANE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 30 on SPRING LANE.