38, VILLAGE WAY, FARNDON, NEWARK, NG24 4SX - £182,000

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

38 VILLAGE WAY is a midsized extended detached house of 101m², built sometime between 1930 and 1949. It was last sold for £182,000 in July 2013, which was around 14% below the average July 2013 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was C.

38 VILLAGE WAY Sold Prices

Land registry data shows two sales for 38 VILLAGE WAY 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 38 VILLAGE WAY 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
2013 8 JUL	£182,000	£210,488	14% below HPI
1997 27 JUN	£68,000	£77,787	13% below HPI

38 VILLAGE WAY 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 38 VILLAGE WAY sales from June 1997 and July 2013 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 June 1997 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2013 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 38 VILLAGE WAY?

38 VILLAGE WAY is 101m², which includes one extension, according to the EPC inspection conducted in February 2013. This puts it in the smallest 50% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 38 VILLAGE WAY lies on this distribution: 48% of detached houses are smaller than 38 VILLAGE WAY, and 51% of houses are larger. Note that EPC data is not available for all properties in Farndon.

38 VILLAGE WAY: Plot and Title Map

38 VILLAGE WAY sits on a plot of roughly 0.160 of an acre, or 647m². The below map shows the location of 38 VILLAGE WAY, 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 38 VILLAGE WAY). 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 38 VILLAGE WAY?

38 VILLAGE WAY is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 38 on VILLAGE WAY.