6, WALTERS CLOSE, FARNDON, NEWARK, NG24 3UE - £175,000

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

6 WALTERS CLOSE is a very small semi-detached house of 56m², built sometime between 1991 and 1995. It was last sold for £175,000 in May 2021, which was around 39% below the average May 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2009, where the current energy rating was D, and the potential energy rating was C.

6 WALTERS CLOSE Sold Prices

Land registry data shows four sales for 6 WALTERS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 6 WALTERS CLOSE 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
2021 21 MAY	£175,000	£286,176	39% below HPI
2015 28 AUG	£137,500	£230,828	40% below HPI
2002 23 OCT	£78,000	£143,192	46% below HPI
1995 31 MAR	£47,000	£68,531	31% below HPI

6 WALTERS 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 four 6 WALTERS CLOSE sales between March 1995 and May 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 August 2015 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2021 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 6 WALTERS CLOSE?

6 WALTERS CLOSE is 56m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 10% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 6 WALTERS CLOSE lies on this distribution: 2% of detached houses are smaller than 6 WALTERS CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Farndon.

6 WALTERS CLOSE: Plot and Title Map

6 WALTERS CLOSE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 6 WALTERS 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 6 WALTERS 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 6 WALTERS CLOSE?

6 WALTERS CLOSE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 6 on WALTERS CLOSE.