8, WYKE LANE, FARNDON, NEWARK, NG24 3SP - £240,000

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

8 WYKE LANE is a large detached house of 118m², built sometime between 1950 and 1966. It was last sold for £240,000 in January 2013, which was around 19% above the average January 2013 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2012, where the current energy rating was F, and the potential energy rating was C.

8 WYKE LANE Sold Prices

Land registry data shows two sales for 8 WYKE 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. One of the two 8 WYKE LANE sales was for above the average price, whilst the other was 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 25 JAN	£240,000	£201,500	19% above HPI
2009 27 MAR	£157,000	£199,992	21% below HPI

8 WYKE 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 WYKE LANE sales from March 2009 and January 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 March 2009 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the January 2013 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 8 WYKE LANE?

8 WYKE LANE is 118m² according to the EPC inspection conducted in August 2012. This puts it in the largest 40% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 8 WYKE LANE lies on this distribution: 67% of detached houses are smaller than 8 WYKE LANE, and 32% of houses are larger. Note that EPC data is not available for all properties in Farndon.

8 WYKE LANE: Plot and Title Map

8 WYKE LANE sits on a plot of roughly 0.240 of an acre, or 970m². The below map shows the location of 8 WYKE 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 WYKE 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 WYKE LANE?

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