WAVERLEY, STATION LANE, FARNSFIELD, NEWARK, NG22 8LA - £395,000

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

WAVERLEY is a small extended detached house of 114m², built sometime between 1950 and 1966. It was last sold for £395,000 in August 2023, which was around 19% above the average August 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2023, where the current energy rating was B, and the potential energy rating was B.

WAVERLEY Sold Prices

Land registry data shows two sales for WAVERLEY 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 WAVERLEY 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
2023 11 AUG	£395,000	£332,793	19% above HPI
2005 12 MAY	£200,000	£204,360	2% below HPI

WAVERLEY 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 WAVERLEY sales from May 2005 and August 2023 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 May 2005 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the August 2023 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is WAVERLEY?

WAVERLEY is 114m², which includes one extension, according to the EPC inspection conducted in January 2023. This puts it in the smallest 40% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where WAVERLEY lies on this distribution: 36% of detached houses are smaller than WAVERLEY, and 64% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

WAVERLEY: Plot and Title Map

WAVERLEY sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of WAVERLEY, 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 WAVERLEY). 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 WAVERLEY?

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