THE FIRS, SCHOOL LANE, HALAM, NEWARK, NG22 8AD - £725,000

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.

THE FIRS is a large extended detached house of 247m², built sometime before 1900, which could now be worth an estimated £928,032. It was last sold for £725,000 in June 2019, which was around 164% above the average June 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2017, where the current energy rating was E, and the potential energy rating was C.

THE FIRS Sold Prices

Land registry data shows three sales for THE FIRS 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 FIRS 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 5 JUN	£725,000	£274,985	164% above HPI
1999 9 AUG	£325,000	£91,467	255% above HPI
1996 3 APR	£216,500	£75,215	188% above HPI

THE FIRS 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 FIRS sales between April 1996 and June 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 August 1999 sale was for 255% above the HPI. So the extrapolation line tracks at 255% above the HPI over time, until the June 2019 sale, where it falls to 164% above the HPI. The line then continues to track at 164% above the HPI.

What might THE FIRS be worth now?

THE FIRS might now be worth an estimated £928,032.

This is based on house price inflation of 28%, between June 2019 and February 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 28% inflationary increase is applied to the most recent sale price for THE FIRS of £725,000 on 5th June 2019. For the value to have increased from £725,000 to £928,032 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of THE FIRS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The June 2019 sale price of £725,000 represented a fair market value for the property.
• The size, condition, and specification of THE FIRS has not materially changed since June 2019.

How Large is THE FIRS?

THE FIRS is 247m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the largest 30% of detached houses houses in Halam, based on EPC data. The below chart shows the distribution of detached houses houses by size in Halam, and where THE FIRS lies on this distribution: 76% of detached houses houses are smaller than THE FIRS, and 24% of houses are larger. Note that EPC data is not available for all properties in Halam.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 2.0 acres, or 8,031m². The below map shows the location of THE FIRS, 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 FIRS). 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 FIRS?

THE FIRS is located on SCHOOL LANE in HALAM, in the NG22 postcode district. The below map shows the position of THE FIRS on SCHOOL LANE.