1, THE SPINNEY, FARNSFIELD, NEWARK, NG22 8JH - £635,000

1 THE SPINNEY is a very large extended detached house of 179m², built sometime between 2003 and 2006. It was last sold for £635,000 in December 2022, which was around 88% above the average December 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

1 THE SPINNEY Sold Prices

Land registry data shows three sales for 1 THE SPINNEY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 1 THE SPINNEY 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
2022 9 DEC	£635,000	£336,958	88% above HPI
2007 22 AUG	£422,000	£224,225	88% above HPI
2004 6 APR	£370,000	£181,908	103% above HPI

1 THE SPINNEY 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 three 1 THE SPINNEY sales between April 2004 and December 2022 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 August 2007 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the December 2022 sale, which was also at 88% above the HPI.

How Large is 1 THE SPINNEY?

1 THE SPINNEY is 179m², which includes three extensions, according to the EPC inspection conducted in August 2021. This puts it in the largest 20% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where 1 THE SPINNEY lies on this distribution: 83% of detached houses are smaller than 1 THE SPINNEY, and 17% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

1 THE SPINNEY: Plot and Title Map

1 THE SPINNEY sits on a plot of roughly 0.148 of an acre, or 598m². The below map shows the location of 1 THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

1 THE SPINNEY is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 1 on THE SPINNEY.