BROADLANDS, SOUTHWELL ROAD, FARNSFIELD, NEWARK, NG22 8EB - £580,000

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.

BROADLANDS is a very large extended detached house of 380m², built sometime between 1950 and 1966, which could now be worth an estimated £578,816. It was last sold for £580,000 in March 2023, which was around 64% above the average March 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was C.

BROADLANDS Sold Prices

Land registry data shows two sales for BROADLANDS 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 BROADLANDS 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
2023 31 MAR	£580,000	£352,713	64% above HPI
2021 11 JUN	£415,000	£305,542	36% above HPI

BROADLANDS 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 BROADLANDS sales from June 2021 and March 2023 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 June 2021 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the March 2023 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

What might BROADLANDS be worth now?

BROADLANDS might now be worth an estimated £578,816.

This is based on house price deflation of 0.2%, between March 2023 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 0.2% deflationary decrease is applied to the most recent sale price for BROADLANDS of £580,000 on 31st March 2023. For the value to have decreased from £580,000 to £578,816 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of BROADLANDS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2023 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of BROADLANDS has not materially changed since March 2023.

How Large is BROADLANDS?

BROADLANDS is 380m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the largest 10% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where BROADLANDS lies on this distribution: More than 99% of detached houses houses are smaller than BROADLANDS, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

BROADLANDS: Plot and Title Map

BROADLANDS sits on a plot of roughly 0.415 of an acre, or 1,678m². The below map shows the location of BROADLANDS, 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 BROADLANDS). 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 BROADLANDS?

BROADLANDS is located on SOUTHWELL ROAD in FARNSFIELD, in the NG22 postcode district. The below map shows the position of BROADLANDS on SOUTHWELL ROAD.