24, SPRING LANE, FARNSFIELD, NEWARK, NG22 8LD - £325,000

24 SPRING LANE is a small extended detached house of 98m², built sometime between 1983 and 1990. It was last sold for £325,000 in August 2020, which was around 18% above the average August 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2018, where the current energy rating was D, and the potential energy rating was C.

24 SPRING LANE Sold Prices

Land registry data shows two sales for 24 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 24 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
2020 19 AUG	£325,000	£275,638	18% above HPI
2000 12 JUL	£110,000	£94,844	16% above HPI

24 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 24 SPRING LANE sales from July 2000 and August 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 July 2000 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the August 2020 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 24 SPRING LANE?

24 SPRING LANE is 98m², which includes one extension, according to the EPC inspection conducted in December 2018. This puts it in the smallest 30% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where 24 SPRING LANE lies on this distribution: 24% of detached houses are smaller than 24 SPRING LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

24 SPRING LANE: Plot and Title Map

24 SPRING LANE sits on a plot of roughly 0.089 of an acre, or 358m². The below map shows the location of 24 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 24 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 24 SPRING LANE?

24 SPRING LANE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 24 on SPRING LANE.