4, PREBEND CLOSE, FARNDON, NEWARK, NG24 3SJ - £91,000

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.

4 PREBEND CLOSE is a very small detached house of 71m², built sometime between 1967 and 1975, which could now be worth an estimated £353,107. It was last sold for £91,000 in September 1998, which was about the average September 1998 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

4 PREBEND CLOSE Sold Prices

Land registry data shows two sales for 4 PREBEND CLOSE 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. One of the two 4 PREBEND CLOSE sales was roughly equal to the average price, whilst the other was 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
1998 7 SEP	£91,000	£90,713	Close to HPI
1996 30 AUG	£77,500	£79,142	2% below HPI

4 PREBEND 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 two 4 PREBEND CLOSE sales from August 1996 and September 1998 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 1996 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the September 1998 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 4 PREBEND CLOSE be worth now?

4 PREBEND CLOSE might now be worth an estimated £353,107.

This is based on house price inflation of 288%, between September 1998 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 288% inflationary increase is applied to the most recent sale price for 4 PREBEND CLOSE of £91,000 on 7th September 1998. For the value to have increased from £91,000 to £353,107 over the 27 years and seven months to February 2025, the following assumptions must hold true:

• The value of 4 PREBEND CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 1998 sale price of £91,000 represented a fair market value for the property.
• The size, condition, and specification of 4 PREBEND CLOSE has not materially changed since September 1998.

How Large is 4 PREBEND CLOSE?

4 PREBEND CLOSE is 71m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of detached houses houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farndon, and where 4 PREBEND CLOSE lies on this distribution: 9% of detached houses houses are smaller than 4 PREBEND CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Farndon.

4 PREBEND CLOSE: Plot and Title Map

4 PREBEND CLOSE sits on a plot of roughly 832.9 acres, or 3,370,688m². The below map shows the location of 4 PREBEND 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 PREBEND 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 PREBEND CLOSE?

4 PREBEND CLOSE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 4 on PREBEND CLOSE.