THE COURTYARD, BROOMFIELD LANE, FARNSFIELD, NEWARK, NG22 8LQ - £440,000

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

THE COURTYARD is a very large detached house of 211m², built sometime between 1976 and 1982. It was last sold for £440,000 in January 2018, which was around 70% above the average January 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2011, where the current energy rating was C, and the potential energy rating was C.

THE COURTYARD Sold Prices

Land registry data shows three sales for THE COURTYARD 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 THE COURTYARD 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
2018 26 JAN	£440,000	£259,520	70% above HPI
2001 7 SEP	£248,500	£110,705	124% above HPI
1997 30 JUL	£169,000	£79,172	113% above HPI

THE COURTYARD 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 THE COURTYARD sales between July 1997 and January 2018 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 2001 sale was for 124% above the HPI. So the extrapolation line tracks at 124% above the HPI over time, until the January 2018 sale, where it falls to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is THE COURTYARD?

THE COURTYARD is 211m² according to the EPC inspection conducted in December 2011. 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 THE COURTYARD lies on this distribution: 91% of detached houses are smaller than THE COURTYARD, and 9% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

THE COURTYARD: Plot and Title Map

THE COURTYARD sits on a plot of roughly 0.253 of an acre, or 1,025m². The below map shows the location of THE COURTYARD, 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 THE COURTYARD). 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 THE COURTYARD?

THE COURTYARD is located on BROOMFIELD LANE in FARNSFIELD, in the NG22 postcode district. The below map shows the position of THE COURTYARD on BROOMFIELD LANE.