SHUKUMEI, QUAKER LANE, FARNSFIELD, NEWARK, NG22 8EE - £283,000

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

SHUKUMEI is a small extended detached house of 94m², built sometime between 1950 and 1966. It was last sold for £283,000 in August 2019, which was around 5% above the average August 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

SHUKUMEI Sold Prices

Land registry data shows two sales for SHUKUMEI 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 SHUKUMEI 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
2019 19 AUG	£283,000	£269,732	5% above HPI
1996 24 SEP	£82,500	£76,835	7% above HPI

SHUKUMEI 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 SHUKUMEI sales from September 1996 and August 2019 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 1996 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the August 2019 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is SHUKUMEI?

SHUKUMEI is 94m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the smallest 20% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where SHUKUMEI lies on this distribution: 20% of detached houses are smaller than SHUKUMEI, and 79% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

SHUKUMEI: Plot and Title Map

SHUKUMEI sits on a plot of roughly 0.130 of an acre, or 527m². The below map shows the location of SHUKUMEI, 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 SHUKUMEI). 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 SHUKUMEI?

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