CROMWELL HOUSE, MAIN STREET, FARNSFIELD, NEWARK, NG22 8EF - £345,000

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

CROMWELL HOUSE is a midsized extended detached house of 131m², built sometime between 1900 and 1929. It was last sold for £345,000 in October 2022, which was around 3% above the average October 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2022, where the current energy rating was E, and the potential energy rating was C.

CROMWELL HOUSE Sold Prices

Land registry data shows two sales for CROMWELL HOUSE 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 CROMWELL HOUSE 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
2022 27 OCT	£345,000	£334,226	3% above HPI
2020 26 MAR	£330,000	£264,335	25% above HPI

CROMWELL HOUSE 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 CROMWELL HOUSE sales from March 2020 and October 2022 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 2020 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the October 2022 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is CROMWELL HOUSE?

CROMWELL HOUSE is 131m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the largest 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 CROMWELL HOUSE lies on this distribution: 54% of detached houses are smaller than CROMWELL HOUSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

CROMWELL HOUSE: Plot and Title Map

CROMWELL HOUSE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of CROMWELL HOUSE, 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 CROMWELL HOUSE). 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 CROMWELL HOUSE?

CROMWELL HOUSE is located on MAIN STREET in FARNSFIELD, in the NG22 postcode district. The below map shows the position of CROMWELL HOUSE on MAIN STREET.