WEST FARM, GONALSTON LANE, HOVERINGHAM, NOTTINGHAM, NG14 7JH - £615,000

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

WEST FARM is a very large extended detached house of 266m², built sometime before 1900. It was last sold for £615,000 in October 2016, which was around 149% above the average October 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

WEST FARM Sold Prices

Land registry data shows two sales for WEST FARM 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. Both of the two WEST FARM 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
2016 5 OCT	£615,000	£246,500	149% above HPI
1998 2 SEP	£300,000	£87,139	244% above HPI

WEST FARM 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 WEST FARM sales from September 1998 and October 2016 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 September 1998 sale was for 244% above the HPI. So the extrapolation line tracks at 244% above the HPI over time, until the October 2016 sale, where it falls to 149% above the HPI. The line then continues to track at 149% above the HPI.

How Large is WEST FARM?

WEST FARM is 266m², which includes two extensions, according to the EPC inspection conducted in January 2015. This puts it in the largest 20% of detached houses in Hoveringham, based on EPC data. The below chart shows the distribution of detached houses by size in Hoveringham, and where WEST FARM lies on this distribution: 83% of detached houses are smaller than WEST FARM, and 18% of houses are larger. Note that EPC data is not available for all properties in Hoveringham.

WEST FARM: Plot and Title Map

WEST FARM sits on a plot of roughly 0.509 of an acre, or 2,058m². The below map shows the location of WEST FARM, 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 WEST FARM). 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 WEST FARM?

WEST FARM is located on GONALSTON LANE in HOVERINGHAM, in the NG14 postcode district. The below map shows the position of WEST FARM on GONALSTON LANE.