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

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.

ORION HOUSE is a very large extended detached house of 321m², built sometime between 1967 and 1975, which could now be worth an estimated £1,048,985. It was last sold for £890,000 in November 2020, which was around 195% 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	£301,279	195% above HPI
2013 28 JUN	£425,000	£218,704	94% above HPI
1999 27 OCT	£225,000	£92,468	143% 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 94% above the HPI. So the extrapolation line tracks at 94% above the HPI over time, until the November 2020 sale, where it rises to 195% above the HPI. The line then continues to track at 195% above the HPI.

What might ORION HOUSE be worth now?

ORION HOUSE might now be worth an estimated £1,048,985.

This is based on house price inflation of 17.9%, between November 2020 and March 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 17.9% inflationary increase is applied to the most recent sale price for ORION HOUSE of £890,000 on 17th November 2020. For the value to have increased from £890,000 to £1,048,985 over the five years and eight months to March 2025, the following assumptions must hold true:

• The value of ORION HOUSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2020 sale price of £890,000 represented a fair market value for the property.
• The size, condition, and specification of ORION HOUSE has not materially changed since November 2020.

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 houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where ORION HOUSE lies on this distribution: 99% of detached houses 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.