8, CROSS LANE, FARNDON, NEWARK, NG24 3SH - £102,000

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.

8 CROSS LANE is a very small detached house of 59m², built sometime between 1976 and 1982, which could now be worth an estimated £164,818. It was last sold for £102,000 in August 2013, which was around 53% below the average August 2013 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was D.

8 CROSS LANE Sold Prices

Land registry data shows two sales for 8 CROSS LANE 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 8 CROSS LANE 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
2013 23 AUG	£102,000	£217,836	53% below HPI
1997 24 OCT	£29,000	£82,724	65% below HPI

8 CROSS LANE 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 8 CROSS LANE sales from October 1997 and August 2013 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 October 1997 sale was for 65% below the HPI. So the extrapolation line tracks at 65% below the HPI over time, until the August 2013 sale, where it rises to 53% below the HPI. The line then continues to track at 53% below the HPI.

What might 8 CROSS LANE be worth now?

8 CROSS LANE might now be worth an estimated £164,818.

This is based on house price inflation of 61.6%, between August 2013 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 61.6% inflationary increase is applied to the most recent sale price for 8 CROSS LANE of £102,000 on 23rd August 2013. For the value to have increased from £102,000 to £164,818 over the twelve years and six months to February 2025, the following assumptions must hold true:

• The value of 8 CROSS LANE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2013 sale price of £102,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CROSS LANE has not materially changed since August 2013.

How Large is 8 CROSS LANE?

8 CROSS LANE is 59m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 10% of detached houses houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farndon, and where 8 CROSS LANE lies on this distribution: 2% of detached houses houses are smaller than 8 CROSS LANE, and 98% of houses are larger. Note that EPC data is not available for all properties in Farndon.

8 CROSS LANE: Plot and Title Map

8 CROSS LANE sits on a plot of roughly 832.9 acres, or 3,370,688m². The below map shows the location of 8 CROSS LANE, 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 8 CROSS LANE). 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 8 CROSS LANE?

8 CROSS LANE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 8 on CROSS LANE.