8, SCHOOL LANE, FARNDON, NEWARK, NG24 3SL - £248,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 SCHOOL LANE is a very large extended detached house of 137m², built sometime between 1967 and 1975, which could now be worth an estimated £400,321. It was last sold for £248,000 in April 2014, which was around 12% above the average April 2014 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was C.

8 SCHOOL LANE Sold Prices

Land registry data shows two sales for 8 SCHOOL 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 SCHOOL LANE 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
2014 9 APR	£248,000	£222,419	12% above HPI
2007 8 FEB	£230,000	£221,655	4% above HPI

8 SCHOOL 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 SCHOOL LANE sales from February 2007 and April 2014 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 February 2007 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the April 2014 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 8 SCHOOL LANE be worth now?

8 SCHOOL LANE might now be worth an estimated £400,321.

This is based on house price inflation of 61.4%, between April 2014 and December 2024, 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 61.4% inflationary increase is applied to the most recent sale price for 8 SCHOOL LANE of £248,000 on 9th April 2014. For the value to have increased from £248,000 to £400,321 over the nine years and four months to December 2024, the following assumptions must hold true:

• The value of 8 SCHOOL LANE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The April 2014 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SCHOOL LANE has not materially changed since April 2014.

How Large is 8 SCHOOL LANE?

8 SCHOOL LANE is 137m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the largest 20% 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 SCHOOL LANE lies on this distribution: 80% of detached houses houses are smaller than 8 SCHOOL LANE, and 19% of houses are larger. Note that EPC data is not available for all properties in Farndon.

8 SCHOOL LANE: Plot and Title Map

8 SCHOOL LANE sits on a plot of roughly 0.150 of an acre, or 609m². The below map shows the location of 8 SCHOOL 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 SCHOOL 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 SCHOOL LANE?

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