28, SPRING LANE, FARNSFIELD, NEWARK, NG22 8LD - £320,000

28 SPRING LANE is a midsized detached house of 125m², built sometime between 1983 and 1990. It was last sold for £320,000 in October 2015, which was around 34% above the average October 2015 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

28 SPRING LANE Sold Prices

Land registry data shows three sales for 28 SPRING LANE 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 28 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
2015 30 OCT	£320,000	£239,424	34% above HPI
2012 10 OCT	£239,995	£205,896	17% above HPI
2000 29 SEP	£149,950	£102,782	46% above HPI

28 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 three 28 SPRING LANE sales between September 2000 and October 2015 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 October 2012 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the October 2015 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is 28 SPRING LANE?

28 SPRING LANE is 125m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 50% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where 28 SPRING LANE lies on this distribution: 48% of detached houses are smaller than 28 SPRING LANE, and 52% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

28 SPRING LANE: Plot and Title Map

28 SPRING LANE sits on a plot of roughly 0.110 of an acre, or 446m². The below map shows the location of 28 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 28 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 28 SPRING LANE?

28 SPRING LANE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 28 on SPRING LANE.