7, HOME FARM CLOSE, KELHAM, NEWARK, NG23 5QB - £275,000

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

7 HOME FARM CLOSE is a small detached house of 124m², built sometime between 1996 and 2002. It was last sold for £275,000 in October 2020, which was around 3% below the average October 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

7 HOME FARM CLOSE Sold Prices

Land registry data shows four sales for 7 HOME FARM 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. two of the four 7 HOME FARM CLOSE sales were for below the average price, and four 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
2020 19 OCT	£275,000	£284,793	3% below HPI
2015 20 MAR	£202,000	£222,188	9% below HPI
2009 19 MAR	£235,000	£199,992	18% above HPI
2002 18 DEC	£199,950	£152,924	31% above HPI

7 HOME FARM 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 7 HOME FARM CLOSE sales between December 2002 and October 2020 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 March 2015 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2020 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 7 HOME FARM CLOSE?

7 HOME FARM CLOSE is 124m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 30% of detached houses in Kelham, based on EPC data. The below chart shows the distribution of detached houses by size in Kelham, and where 7 HOME FARM CLOSE lies on this distribution: 24% of detached houses are smaller than 7 HOME FARM CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Kelham.

7 HOME FARM CLOSE: Plot and Title Map

7 HOME FARM CLOSE sits on a plot of roughly 0.148 of an acre, or 599m². The below map shows the location of 7 HOME FARM 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 7 HOME FARM 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 7 HOME FARM CLOSE?

7 HOME FARM CLOSE is located in KELHAM, in the NG23 postcode district. The below map shows the position of No. 7 on HOME FARM CLOSE.