40, ESAM CLOSE, FARNSFIELD, NEWARK, NG22 8FF - £405,000

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.

40 ESAM CLOSE is a midsized detached house of 127m², which could now be worth an estimated £466,571. It was last sold for £405,000 in June 2021, which was around 33% above the average June 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2018, where the current energy rating was B, and the potential energy rating was A.

40 ESAM CLOSE Sold Prices

Land registry data shows two sales for 40 ESAM 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. Both of the two 40 ESAM 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
2021 18 JUN	£405,000	£305,542	33% above HPI
2018 26 JUL	£365,000	£271,929	34% above HPI

40 ESAM 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 40 ESAM CLOSE sales from July 2018 and June 2021 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 July 2018 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the June 2021 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might 40 ESAM CLOSE be worth now?

40 ESAM CLOSE might now be worth an estimated £466,571.

This is based on house price inflation of 15.2%, between June 2021 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 15.2% inflationary increase is applied to the most recent sale price for 40 ESAM CLOSE of £405,000 on 18th June 2021. For the value to have increased from £405,000 to £466,571 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 40 ESAM CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The June 2021 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of 40 ESAM CLOSE has not materially changed since June 2021.

How Large is 40 ESAM CLOSE?

40 ESAM CLOSE is 127m² according to the EPC inspection conducted in July 2018. This puts it in the largest 50% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where 40 ESAM CLOSE lies on this distribution: 49% of detached houses houses are smaller than 40 ESAM CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

40 ESAM CLOSE: Plot and Title Map

40 ESAM CLOSE sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of 40 ESAM 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 40 ESAM 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 40 ESAM CLOSE?

40 ESAM CLOSE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 40 on ESAM CLOSE.