ORION HOUSE, STATION LANE, FARNSFIELD, NEWARK, NG22 8LB - £890,000

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

ORION HOUSE is a very large extended detached house of 321m², built sometime between 1967 and 1975. It was last sold for £890,000 in November 2020, which was around 208% above the average November 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was C.

ORION HOUSE Sold Prices

Land registry data shows three sales for ORION HOUSE 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 ORION HOUSE 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 17 NOV	£890,000	£289,408	208% above HPI
2013 28 JUN	£425,000	£210,087	102% above HPI
1999 27 OCT	£225,000	£88,824	153% above HPI

ORION HOUSE 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 ORION HOUSE sales between October 1999 and November 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 June 2013 sale was for 102% above the HPI. So the extrapolation line tracks at 102% above the HPI over time, until the November 2020 sale, where it rises to 208% above the HPI. The line then continues to track at 208% above the HPI.

How Large is ORION HOUSE?

ORION HOUSE is 321m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the largest 10% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where ORION HOUSE lies on this distribution: 99% of detached houses are smaller than ORION HOUSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

ORION HOUSE: Plot and Title Map

ORION HOUSE sits on a plot of roughly 0.357 of an acre, or 1,445m². The below map shows the location of ORION HOUSE, 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 ORION HOUSE). 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 ORION HOUSE?

ORION HOUSE is located on STATION LANE in FARNSFIELD, in the NG22 postcode district. The below map shows the position of ORION HOUSE on STATION LANE.