5, SPRING COURT, FARNSFIELD, NEWARK, NG22 8LE - £195,000

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

5 SPRING COURT is a small detached house of 94m², built sometime between 1996 and 2002. It was last sold for £195,000 in May 2003, which was around 26% above the average May 2003 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2017, where the current energy rating was C, and the potential energy rating was B.

5 SPRING COURT Sold Prices

Land registry data shows three sales for 5 SPRING COURT 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. One of the three 5 SPRING COURT sales was for above the average price, whilst two 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
2003 12 MAY	£195,000	£155,031	26% above HPI
2001 28 SEP	£110,000	£110,705	1% below HPI
1998 1 JUN	£70,000	£81,262	14% below HPI

5 SPRING COURT 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 5 SPRING COURT sales between June 1998 and May 2003 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 September 2001 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2003 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 5 SPRING COURT?

5 SPRING COURT is 94m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 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 5 SPRING COURT lies on this distribution: 20% of detached houses are smaller than 5 SPRING COURT, and 79% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

5 SPRING COURT: Plot and Title Map

5 SPRING COURT sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 5 SPRING COURT, 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 5 SPRING COURT). 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 5 SPRING COURT?

5 SPRING COURT is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 5 on SPRING COURT.