FAIRFIELD, OLD HALL LANE, EAST MARKHAM, NEWARK, NG22 0RF - £300,000

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

FAIRFIELD is a small detached house of 129m², built sometime between 1983 and 1990. It was last sold for £300,000 in October 2022, which was around 2% above the average October 2022 detached price in the Bassetlaw local authority area. The most recent EPC inspection was April 2011, where the current energy rating was E, and the potential energy rating was E.

FAIRFIELD Sold Prices

Land registry data shows three sales for FAIRFIELD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. Two of the three FAIRFIELD sales were for above the average price, whilst one was for below 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 5 OCT	£300,000	£294,975	2% above HPI
2014 31 OCT	£180,000	£186,996	4% below HPI
1999 10 DEC	£89,500	£72,446	24% above HPI

FAIRFIELD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The three FAIRFIELD sales between December 1999 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 October 2014 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the October 2022 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is FAIRFIELD?

FAIRFIELD is 129m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 30% of detached houses in East Markham, based on EPC data. The below chart shows the distribution of detached houses by size in East Markham, and where FAIRFIELD lies on this distribution: 25% of detached houses are smaller than FAIRFIELD, and 75% of houses are larger. Note that EPC data is not available for all properties in East Markham.

FAIRFIELD: Plot and Title Map

FAIRFIELD sits on a plot of roughly 0.100 of an acre, or 404m². 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 OLD HALL LANE in EAST MARKHAM, in the NG22 postcode district. The below map shows the position of FAIRFIELD on OLD HALL LANE.