4, MURDOCH CLOSE, FARNSFIELD, NEWARK, NG22 8FE - £370,000

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

4 MURDOCH CLOSE is a very large extended detached house of 176m², built sometime between 1996 and 2002. It was last sold for £370,000 in July 2015, which was around 63% above the average July 2015 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2011, where the current energy rating was D, and the potential energy rating was C.

4 MURDOCH CLOSE Sold Prices

Land registry data shows three sales for 4 MURDOCH CLOSE 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 4 MURDOCH CLOSE 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 31 JUL	£370,000	£227,298	63% above HPI
2012 2 FEB	£310,000	£210,193	47% above HPI
1999 15 DEC	£189,995	£89,690	112% above HPI

4 MURDOCH CLOSE 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 4 MURDOCH CLOSE sales between December 1999 and July 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 February 2012 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the July 2015 sale, where it rises to 63% above the HPI. The line then continues to track at 63% above the HPI.

How Large is 4 MURDOCH CLOSE?

4 MURDOCH CLOSE is 176m², which includes two extensions, according to the EPC inspection conducted in December 2011. This puts it in the largest 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 4 MURDOCH CLOSE lies on this distribution: 81% of detached houses are smaller than 4 MURDOCH CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

4 MURDOCH CLOSE: Plot and Title Map

4 MURDOCH CLOSE sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of 4 MURDOCH CLOSE, 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 4 MURDOCH CLOSE). 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 4 MURDOCH CLOSE?

4 MURDOCH CLOSE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 4 on MURDOCH CLOSE.