THE OLD ORCHARD, SOUTHWELL ROAD, FARNSFIELD, NEWARK, NG22 8EB - £700,000

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 OLD ORCHARD is a very large detached house of 212m², which could now be worth an estimated £872,770. It was last sold for £700,000 in July 2020, which was around 148% above the average July 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 B, and the potential energy rating was B.

THE OLD ORCHARD Sold Prices

Land registry data shows two sales for THE OLD ORCHARD 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. One of the two THE OLD ORCHARD sales was for above the average price, whilst the other was for below 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 31 JUL	£700,000	£282,314	148% above HPI
2016 18 NOV	£245,000	£260,304	6% below HPI

THE OLD ORCHARD 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 THE OLD ORCHARD sales from November 2016 and July 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 November 2016 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the July 2020 sale, where it rises to 148% above the HPI. The line then continues to track at 148% above the HPI.

What might THE OLD ORCHARD be worth now?

THE OLD ORCHARD might now be worth an estimated £872,770.

This is based on house price inflation of 24.7%, between July 2020 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 24.7% inflationary increase is applied to the most recent sale price for THE OLD ORCHARD of £700,000 on 31st July 2020. For the value to have increased from £700,000 to £872,770 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of THE OLD ORCHARD has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The July 2020 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD ORCHARD has not materially changed since July 2020.

How Large is THE OLD ORCHARD?

THE OLD ORCHARD is 212m² 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 THE OLD ORCHARD lies on this distribution: 91% of detached houses houses are smaller than THE OLD ORCHARD, and 8% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

THE OLD ORCHARD: Plot and Title Map

THE OLD ORCHARD sits on a plot of roughly 0.213 of an acre, or 860m². The below map shows the location of THE OLD ORCHARD, 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 OLD ORCHARD). 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 OLD ORCHARD?

THE OLD ORCHARD is located on SOUTHWELL ROAD in FARNSFIELD, in the NG22 postcode district. The below map shows the position of THE OLD ORCHARD on SOUTHWELL ROAD.