9, CHESTNUT GROVE, FARNDON, NEWARK, NG24 3TW - £215,000

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.

9 CHESTNUT GROVE is a large extended detached house of 128m², built sometime between 1967 and 1975, which could now be worth an estimated £314,939. It was last sold for £215,000 in August 2015, which was around 11% below the average August 2015 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

9 CHESTNUT GROVE Sold Prices

Land registry data shows two sales for 9 CHESTNUT GROVE 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 9 CHESTNUT GROVE 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
2015 21 AUG	£215,000	£240,296	11% below HPI
2001 16 FEB	£69,000	£101,417	32% below HPI

9 CHESTNUT GROVE 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 9 CHESTNUT GROVE sales from February 2001 and August 2015 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 2001 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2015 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 9 CHESTNUT GROVE be worth now?

9 CHESTNUT GROVE might now be worth an estimated £314,939.

This is based on house price inflation of 46.5%, between August 2015 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 46.5% inflationary increase is applied to the most recent sale price for 9 CHESTNUT GROVE of £215,000 on 21st August 2015. For the value to have increased from £215,000 to £314,939 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 9 CHESTNUT GROVE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2015 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 9 CHESTNUT GROVE has not materially changed since August 2015.

How Large is 9 CHESTNUT GROVE?

9 CHESTNUT GROVE is 128m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the largest 30% 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 9 CHESTNUT GROVE lies on this distribution: 75% of detached houses houses are smaller than 9 CHESTNUT GROVE, and 25% of houses are larger. Note that EPC data is not available for all properties in Farndon.

9 CHESTNUT GROVE: Plot and Title Map

9 CHESTNUT GROVE sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 9 CHESTNUT GROVE, 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 9 CHESTNUT GROVE). 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 9 CHESTNUT GROVE?

9 CHESTNUT GROVE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 9 on CHESTNUT GROVE.