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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE FIRS is a large extended detached house of 247m², built sometime before 1900. It was last sold for £725,000 in June 2019, which was around 174% 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	£264,150	174% above HPI
1999 9 AUG	£325,000	£87,863	270% above HPI
1996 3 APR	£216,500	£72,251	200% 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 270% above the HPI. So the extrapolation line tracks at 270% above the HPI over time, until the June 2019 sale, where it falls to 174% above the HPI. The line then continues to track at 174% above the HPI.

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 in Halam, based on EPC data. The below chart shows the distribution of detached houses by size in Halam, and where THE FIRS lies on this distribution: 75% of detached houses are smaller than THE FIRS, and 25% 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.