15, SPRING LANE, FARNSFIELD, NEWARK, NG22 8LD - £260,000

15 SPRING LANE is a very small detached house of 92m², built sometime between 1976 and 1982. It was last sold for £260,000 in August 2010, which was around 22% above the average August 2010 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2010, where the current energy rating was E, and the potential energy rating was D.

15 SPRING LANE Sold Prices

Land registry data shows two sales for 15 SPRING LANE 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 15 SPRING LANE 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
2010 18 AUG	£260,000	£212,696	22% above HPI
1998 12 MAY	£125,000	£79,995	56% above HPI

15 SPRING LANE 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 15 SPRING LANE sales from May 1998 and August 2010 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 1998 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the August 2010 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 15 SPRING LANE?

15 SPRING LANE is 92m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 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 15 SPRING LANE lies on this distribution: 19% of detached houses are smaller than 15 SPRING LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

15 SPRING LANE: Plot and Title Map

15 SPRING LANE sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of 15 SPRING LANE, 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 15 SPRING LANE). 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 15 SPRING LANE?

15 SPRING LANE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 15 on SPRING LANE.