BIRCHWOOD, STATION LANE, FARNSFIELD, NEWARK, NG22 8LB - £289,000

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

BIRCHWOOD is a small detached house of 98m², built sometime between 1983 and 1990. It was last sold for £289,000 in November 2017, which was around 9% above the average November 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

BIRCHWOOD Sold Prices

Land registry data shows three sales for BIRCHWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three BIRCHWOOD 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
2017 14 NOV	£289,000	£264,247	9% above HPI
2015 7 DEC	£246,000	£238,450	3% above HPI
2012 29 AUG	£230,000	£208,823	10% above HPI

BIRCHWOOD 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 three BIRCHWOOD sales between August 2012 and November 2017 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 December 2015 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the November 2017 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is BIRCHWOOD?

BIRCHWOOD is 98m² according to the EPC inspection conducted in August 2023. This puts it in the smallest 30% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where BIRCHWOOD lies on this distribution: 24% of detached houses are smaller than BIRCHWOOD, and 76% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

BIRCHWOOD: Plot and Title Map

BIRCHWOOD sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of BIRCHWOOD, 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 BIRCHWOOD). 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 BIRCHWOOD?

BIRCHWOOD is located on STATION LANE in FARNSFIELD, in the NG22 postcode district. The below map shows the position of BIRCHWOOD on STATION LANE.