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

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 THE FURZE is a very small detached house of 59m², built sometime between 1991 and 1995, which could now be worth an estimated £191,840. It was last sold for £141,000 in December 2016, which was around 45% 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	£258,710	45% below HPI
1997 15 AUG	£56,000	£81,783	32% 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 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the December 2016 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 4 THE FURZE be worth now?

4 THE FURZE might now be worth an estimated £191,840.

This is based on house price inflation of 36.1%, between December 2016 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 36.1% inflationary increase is applied to the most recent sale price for 4 THE FURZE of £141,000 on 14th December 2016. For the value to have increased from £141,000 to £191,840 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of 4 THE FURZE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The December 2016 sale price of £141,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE FURZE has not materially changed since December 2016.

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 houses in Kirton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kirton, and where 4 THE FURZE lies on this distribution: Less than 1% of detached houses 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 0.073 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.