4, THE FURZE, KIRTON, NEWARK, NG22 9LF - £141,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 THE FURZE is a very small detached house of 59m², built sometime between 1991 and 1995. It was last sold for £141,000 in December 2016, which was around 43% below the average December 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2011, where the current energy rating was E, and the potential energy rating was D.

4 THE FURZE Sold Prices

Land registry data shows two sales for 4 THE FURZE 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 4 THE FURZE 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
2016 14 DEC	£141,000	£248,516	43% below HPI
1997 15 AUG	£56,000	£78,560	29% below HPI

4 THE FURZE 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 THE FURZE sales from August 1997 and December 2016 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 1997 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the December 2016 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 4 THE FURZE?

4 THE FURZE is 59m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 10% of detached houses in Kirton, based on EPC data. The below chart shows the distribution of detached houses by size in Kirton, and where 4 THE FURZE lies on this distribution: Less than 1% of detached houses are smaller than 4 THE FURZE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Kirton.

4 THE FURZE: Plot and Title Map

4 THE FURZE sits on a plot of roughly 0.074 of an acre, or 297m². The below map shows the location of 4 THE FURZE, 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 THE FURZE). 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 THE FURZE?

4 THE FURZE is located in KIRTON, in the NG22 postcode district. The below map shows the position of No. 4 on THE FURZE.