CRAIGUS, STATION LANE, FARNSFIELD, NEWARK, NG22 8LB - £265,000

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

CRAIGUS is a midsized extended detached house of 122m², built sometime between 1950 and 1966. It was last sold for £265,000 in May 2012, which was around 40% above the average May 2012 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was D.

CRAIGUS Sold Prices

Land registry data shows two sales for CRAIGUS 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 CRAIGUS 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
2012 16 MAY	£265,000	£189,946	40% above HPI
2005 10 NOV	£280,000	£207,415	35% above HPI

CRAIGUS 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 CRAIGUS sales from November 2005 and May 2012 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 November 2005 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the May 2012 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is CRAIGUS?

CRAIGUS is 122m², which includes two extensions, according to the EPC inspection conducted in August 2010. This puts it in the smallest 50% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where CRAIGUS lies on this distribution: 46% of detached houses are smaller than CRAIGUS, and 54% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

CRAIGUS: Plot and Title Map

CRAIGUS sits on a plot of roughly 0.151 of an acre, or 609m². The below map shows the location of CRAIGUS, 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 CRAIGUS). 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 CRAIGUS?

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