FAIRFIELD, NEWARK ROAD, CAUNTON, NEWARK, NG23 6AE - £420,000

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.

FAIRFIELD is a large extended detached house of 200m², built sometime between 1900 and 1929, which could now be worth an estimated £570,689. It was last sold for £420,000 in September 2016, which was around 62% above the average September 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was D.

FAIRFIELD Sold Prices

Land registry data shows two sales for FAIRFIELD 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 FAIRFIELD 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
2016 1 SEP	£420,000	£259,050	62% above HPI
2015 23 JUN	£370,000	£228,542	62% above HPI

FAIRFIELD 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 FAIRFIELD sales from June 2015 and September 2016 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 2015 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the September 2016 sale, which was also at 62% above the HPI.

What might FAIRFIELD be worth now?

FAIRFIELD might now be worth an estimated £570,689.

This is based on house price inflation of 35.9%, between September 2016 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 35.9% inflationary increase is applied to the most recent sale price for FAIRFIELD of £420,000 on 1st September 2016. For the value to have increased from £420,000 to £570,689 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of FAIRFIELD has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2016 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRFIELD has not materially changed since September 2016.

How Large is FAIRFIELD?

FAIRFIELD is 200m², which includes one extension, according to the EPC inspection conducted in April 2010. This puts it in the largest 30% of detached houses houses in Caunton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caunton, and where FAIRFIELD lies on this distribution: 70% of detached houses houses are smaller than FAIRFIELD, and 30% of houses are larger. Note that EPC data is not available for all properties in Caunton.

FAIRFIELD: Plot and Title Map

FAIRFIELD sits on a plot of roughly 0.232 of an acre, or 938m². The below map shows the location of FAIRFIELD, 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 FAIRFIELD). 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 FAIRFIELD?

FAIRFIELD is located on NEWARK ROAD in CAUNTON, in the NG23 postcode district. The below map shows the position of FAIRFIELD on NEWARK ROAD.