3A, LONG LANE, FARNDON, NEWARK, NG24 4SU - £470,000

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

3A LONG LANE is a very large detached house of 219m², built sometime from 2007 onwards. It was last sold for £470,000 in February 2022, which was around 49% above the average February 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

3A LONG LANE Sold Prices

Land registry data shows three sales for 3A LONG LANE 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. One of the three 3A LONG LANE sales was for above the average price, whilst two 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 24 FEB	£470,000	£315,979	49% above HPI
2005 19 AUG	£129,500	£205,372	37% below HPI
1998 24 APR	£71,000	£78,174	9% below HPI

3A LONG 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 three 3A LONG LANE sales between April 1998 and February 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 August 2005 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2022 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

How Large is 3A LONG LANE?

3A LONG LANE is 219m² according to the EPC inspection conducted in June 2016. This puts it in the largest 10% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 3A LONG LANE lies on this distribution: 97% of detached houses are smaller than 3A LONG LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Farndon.

3A LONG LANE: Plot and Title Map

3A LONG LANE sits on a plot of roughly 0.293 of an acre, or 1,186m². The below map shows the location of 3A LONG 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 3A LONG 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 3A LONG LANE?

3A LONG LANE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 3A on LONG LANE.