1, FARRIERS GATE, CRANWELL VILLAGE, SLEAFORD, NG34 8NT - £365,000

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.

1 FARRIERS GATE is a midsized extended detached house of 110m², built sometime between 1996 and 2002, which could now be worth an estimated £420,262. It was last sold for £365,000 in November 2020, which was around 39% above the average November 2020 detached price in the North Kesteven local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

1 FARRIERS GATE Sold Prices

Land registry data shows two sales for 1 FARRIERS GATE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 1 FARRIERS GATE 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
2020 20 NOV	£365,000	£262,939	39% above HPI
2002 3 MAY	£183,000	£100,253	83% above HPI

1 FARRIERS GATE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 1 FARRIERS GATE sales from May 2002 and November 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 May 2002 sale was for 83% above the HPI. So the extrapolation line tracks at 83% above the HPI over time, until the November 2020 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 1 FARRIERS GATE be worth now?

1 FARRIERS GATE might now be worth an estimated £420,262.

This is based on house price inflation of 15.1%, between November 2020 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.1% inflationary increase is applied to the most recent sale price for 1 FARRIERS GATE of £365,000 on 20th November 2020. For the value to have increased from £365,000 to £420,262 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 FARRIERS GATE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The November 2020 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FARRIERS GATE has not materially changed since November 2020.

How Large is 1 FARRIERS GATE?

1 FARRIERS GATE is 110m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the largest 50% of detached houses houses in Cranwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranwell, and where 1 FARRIERS GATE lies on this distribution: 51% of detached houses houses are smaller than 1 FARRIERS GATE, and 49% of houses are larger. Note that EPC data is not available for all properties in Cranwell.

1 FARRIERS GATE: Plot and Title Map

1 FARRIERS GATE sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 1 FARRIERS GATE, 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 1 FARRIERS GATE). 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 1 FARRIERS GATE?

1 FARRIERS GATE is located in CRANWELL VILLAGE, in the NG34 postcode district. The below map shows the position of No. 1 on FARRIERS GATE.