FIRS BARN, TOP STREET, ELSTON, NEWARK, NG23 5NP - £420,000

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

FIRS BARN is a very large detached house of 204m², built sometime between 1983 and 1990, which could now be worth an estimated £527,879. It was last sold for £420,000 in November 2018, which was around 47% above the average November 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

FIRS BARN Sold Prices

Land registry data shows two sales for FIRS BARN 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 FIRS BARN 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
2018 12 NOV	£420,000	£285,656	47% above HPI
2006 1 SEP	£350,000	£220,874	58% above HPI

FIRS BARN 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 FIRS BARN sales from September 2006 and November 2018 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 September 2006 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the November 2018 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might FIRS BARN be worth now?

FIRS BARN might now be worth an estimated £527,879.

This is based on house price inflation of 25.7%, between November 2018 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 25.7% inflationary increase is applied to the most recent sale price for FIRS BARN of £420,000 on 12th November 2018. For the value to have increased from £420,000 to £527,879 over the five years and eleven months to December 2024, the following assumptions must hold true:

• The value of FIRS BARN has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2018 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of FIRS BARN has not materially changed since November 2018.

How Large is FIRS BARN?

FIRS BARN is 204m² according to the EPC inspection conducted in October 2017. This puts it in the largest 20% of detached houses houses in Elston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elston, and where FIRS BARN lies on this distribution: 86% of detached houses houses are smaller than FIRS BARN, and 14% of houses are larger. Note that EPC data is not available for all properties in Elston.

FIRS BARN: Plot and Title Map

FIRS BARN sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of FIRS BARN, 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 FIRS BARN). 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 FIRS BARN?

FIRS BARN is located on TOP STREET in ELSTON, in the NG23 postcode district. The below map shows the position of FIRS BARN on TOP STREET.