19, SCHOOL LANE, FARNDON, NEWARK, NG24 3SL - £225,000

19 SCHOOL LANE is a very small extended detached house of 67m², built sometime between 1967 and 1975. It was last sold for £225,000 in August 2021, which was around 27% below the average August 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2018, where the current energy rating was E, and the potential energy rating was B.

19 SCHOOL LANE Sold Prices

Land registry data shows two sales for 19 SCHOOL 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 19 SCHOOL LANE sales were 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
2021 27 AUG	£225,000	£310,166	27% below HPI
2019 29 MAR	£210,000	£259,979	19% below HPI

19 SCHOOL 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 19 SCHOOL LANE sales from March 2019 and August 2021 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 March 2019 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 19 SCHOOL LANE?

19 SCHOOL LANE is 67m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 10% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 19 SCHOOL LANE lies on this distribution: 7% of detached houses are smaller than 19 SCHOOL LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Farndon.

19 SCHOOL LANE: Plot and Title Map

19 SCHOOL LANE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 19 SCHOOL 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 19 SCHOOL 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 19 SCHOOL LANE?

19 SCHOOL LANE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 19 on SCHOOL LANE.