FARNLEA, NELSON LANE, NORTH MUSKHAM, NEWARK, NG23 6HL - £227,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

FARNLEA is a very small extended detached house of 96m², built sometime between 1950 and 1966. It was last sold for £227,000 in April 2017, which was around 11% below the average April 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was A.

FARNLEA Sold Prices

Land registry data shows four sales for FARNLEA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four FARNLEA sales were 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
2017 28 APR	£227,000	£253,660	11% below HPI
2014 27 JUN	£200,000	£229,299	13% below HPI
2008 3 OCT	£210,000	£214,183	2% below HPI
2001 1 JUN	£87,300	£104,312	16% below HPI

FARNLEA 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 four FARNLEA sales between June 2001 and April 2017 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 2014 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the April 2017 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might FARNLEA be worth now?

FARNLEA might now be worth an estimated £321,294.

This is based on house price inflation of 41.5%, between April 2017 and December 2024, 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 41.5% inflationary increase is applied to the most recent sale price for FARNLEA of £227,000 on 28th April 2017. For the value to have increased from £227,000 to £321,294 over the six years and four months to December 2024, the following assumptions must hold true:

• The value of FARNLEA has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The April 2017 sale price of £227,000 represented a fair market value for the property.
• The size, condition, and specification of FARNLEA has not materially changed since April 2017.

How Large is FARNLEA?

FARNLEA is 96m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 20% of detached houses houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Muskham, and where FARNLEA lies on this distribution: 16% of detached houses houses are smaller than FARNLEA, and 83% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

FARNLEA: Plot and Title Map

FARNLEA sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of FARNLEA, 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 FARNLEA). 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 FARNLEA?

FARNLEA is located on NELSON LANE in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of FARNLEA on NELSON LANE.