3, LONG LANE, FARNDON, NEWARK, NG24 4SU - £316,000

3 LONG LANE is a very large detached house of 155m², built sometime between 2003 and 2006. It was last sold for £316,000 in January 2019, which was around 17% above the average January 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

3 LONG LANE Sold Prices

Land registry data shows three sales for 3 LONG 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 3 LONG 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
2019 18 JAN	£316,000	£269,941	17% above HPI
2015 17 NOV	£294,950	£237,365	24% above HPI
2006 13 OCT	£249,950	£211,158	18% above HPI

3 LONG 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 3 LONG LANE sales between October 2006 and January 2019 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 November 2015 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the January 2019 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 3 LONG LANE?

3 LONG LANE is 155m² according to the EPC inspection conducted in September 2014. This puts it in the largest 20% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 3 LONG LANE lies on this distribution: 88% of detached houses are smaller than 3 LONG LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Farndon.

3 LONG LANE: Plot and Title Map

3 LONG LANE sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of 3 LONG 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 3 LONG 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 3 LONG LANE?

3 LONG LANE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 3 on LONG LANE.