MAYFIELD, QUAKER LANE, FARNSFIELD, NEWARK, NG22 8EE - £345,000

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.

MAYFIELD is a large extended detached house of 161m², built sometime between 1950 and 1966, which could now be worth an estimated £482,123. It was last sold for £345,000 in July 2016, which was around 37% above the average July 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

MAYFIELD Sold Prices

Land registry data shows four sales for MAYFIELD 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 MAYFIELD 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 29 JUL	£345,000	£251,881	37% above HPI
2003 7 NOV	£196,000	£180,700	8% above HPI
1997 5 NOV	£94,000	£79,511	18% above HPI
1995 19 SEP	£85,000	£77,236	10% above HPI

MAYFIELD 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 MAYFIELD sales between September 1995 and July 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 November 2003 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the July 2016 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might MAYFIELD be worth now?

MAYFIELD might now be worth an estimated £482,123.

This is based on house price inflation of 39.7%, between July 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 39.7% inflationary increase is applied to the most recent sale price for MAYFIELD of £345,000 on 29th July 2016. For the value to have increased from £345,000 to £482,123 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of MAYFIELD has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The July 2016 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of MAYFIELD has not materially changed since July 2016.

How Large is MAYFIELD?

MAYFIELD is 161m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the largest 30% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where MAYFIELD lies on this distribution: 72% of detached houses houses are smaller than MAYFIELD, and 27% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

MAYFIELD: Plot and Title Map

MAYFIELD sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of MAYFIELD, 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 MAYFIELD). 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 MAYFIELD?

MAYFIELD is located on QUAKER LANE in FARNSFIELD, in the NG22 postcode district. The below map shows the position of MAYFIELD on QUAKER LANE.