6, MURDOCH CLOSE, FARNSFIELD, NEWARK, NG22 8FE - £390,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

6 MURDOCH CLOSE is a very large detached house of 224m², built sometime between 2003 and 2006, which could now be worth an estimated £649,472. It was last sold for £390,000 in June 2005, which was around 85% above the average June 2005 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2010, where the current energy rating was C, and the potential energy rating was C.

6 MURDOCH CLOSE Sold Prices

Land registry data shows two sales for 6 MURDOCH CLOSE 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 6 MURDOCH CLOSE 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
2005 29 JUN	£390,000	£210,433	85% above HPI
1999 10 DEC	£219,995	£93,369	136% above HPI

6 MURDOCH CLOSE 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 6 MURDOCH CLOSE sales from December 1999 and June 2005 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 December 1999 sale was for 136% above the HPI. So the extrapolation line tracks at 136% above the HPI over time, until the June 2005 sale, where it falls to 85% above the HPI. The line then continues to track at 85% above the HPI.

What might 6 MURDOCH CLOSE be worth now?

6 MURDOCH CLOSE might now be worth an estimated £649,472.

This is based on house price inflation of 66.5%, between June 2005 and June 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.5% inflationary increase is applied to the most recent sale price for 6 MURDOCH CLOSE of £390,000 on 29th June 2005. For the value to have increased from £390,000 to £649,472 over the twenty years to June 2025, the following assumptions must hold true:

• The value of 6 MURDOCH CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The June 2005 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 6 MURDOCH CLOSE has not materially changed since June 2005.

How Large is 6 MURDOCH CLOSE?

6 MURDOCH CLOSE is 224m² according to the EPC inspection conducted in May 2010. This puts it in the largest 10% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where 6 MURDOCH CLOSE lies on this distribution: 94% of detached houses houses are smaller than 6 MURDOCH CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

6 MURDOCH CLOSE: Plot and Title Map

6 MURDOCH CLOSE sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of 6 MURDOCH CLOSE, 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 6 MURDOCH CLOSE). 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 6 MURDOCH CLOSE?

6 MURDOCH CLOSE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 6 on MURDOCH CLOSE.