THURNE, CRABNOOK LANE, FARNSFIELD, NEWARK, NG22 8JY - £375,000

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.

THURNE is a large detached house of 152m², built sometime between 1976 and 1982, which could now be worth an estimated £562,761. It was last sold for £375,000 in July 2015, which was around 58% above the average July 2015 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

THURNE Sold Prices

Land registry data shows two sales for THURNE 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 THURNE 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
2015 30 JUL	£375,000	£236,622	58% above HPI
2013 22 NOV	£201,200	£211,688	5% below HPI

THURNE 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 THURNE sales from November 2013 and July 2015 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 2013 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2015 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

What might THURNE be worth now?

THURNE might now be worth an estimated £562,761.

This is based on house price inflation of 50.1%, between July 2015 and March 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 50.1% inflationary increase is applied to the most recent sale price for THURNE of £375,000 on 30th July 2015. For the value to have increased from £375,000 to £562,761 over the ten years and four months to March 2025, the following assumptions must hold true:

• The value of THURNE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The July 2015 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of THURNE has not materially changed since July 2015.

How Large is THURNE?

THURNE is 152m² according to the EPC inspection conducted in May 2015. This puts it in the largest 40% 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 THURNE lies on this distribution: 67% of detached houses houses are smaller than THURNE, and 32% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

THURNE: Plot and Title Map

THURNE sits on a plot of roughly 0.218 of an acre, or 882m². The below map shows the location of THURNE, 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 THURNE). 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 THURNE?

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