MERRINS FARM, MANSFIELD ROAD, FARNSFIELD, NEWARK, NG22 8HG - £390,000

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

MERRINS FARM is a large extended detached house of 152m², built sometime before 1900, which could now be worth an estimated £462,163. It was last sold for £390,000 in December 2020, which was around 29% above the average December 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

MERRINS FARM Sold Prices

Land registry data shows three sales for MERRINS FARM since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three MERRINS FARM 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
2020 3 DEC	£390,000	£302,969	29% above HPI
2010 5 NOV	£235,000	£221,061	6% above HPI
1996 25 JUL	£122,000	£78,737	55% above HPI

MERRINS FARM 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 three MERRINS FARM sales between July 1996 and December 2020 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 2010 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the December 2020 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might MERRINS FARM be worth now?

MERRINS FARM might now be worth an estimated £462,163.

This is based on house price inflation of 18.5%, between December 2020 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 18.5% inflationary increase is applied to the most recent sale price for MERRINS FARM of £390,000 on 3rd December 2020. For the value to have increased from £390,000 to £462,163 over the four years to December 2024, the following assumptions must hold true:

• The value of MERRINS FARM has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The December 2020 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of MERRINS FARM has not materially changed since December 2020.

How Large is MERRINS FARM?

MERRINS FARM is 152m², which includes two extensions, according to the EPC inspection conducted in October 2019. This puts it in the largest 40% 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 MERRINS FARM lies on this distribution: 67% of detached houses houses are smaller than MERRINS FARM, and 32% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

MERRINS FARM: Plot and Title Map

MERRINS FARM sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of MERRINS FARM, 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 MERRINS FARM). 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 MERRINS FARM?

MERRINS FARM is located on MANSFIELD ROAD in FARNSFIELD, in the NG22 postcode district. The below map shows the position of MERRINS FARM on MANSFIELD ROAD.