7, HOME FARM CLOSE, KELHAM, NEWARK, NG23 5QB - £275,000

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.

7 HOME FARM CLOSE is a small detached house of 124m², built sometime between 1996 and 2002, which could now be worth an estimated £325,053. It was last sold for £275,000 in October 2020, which was around 7% below the average October 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

7 HOME FARM CLOSE Sold Prices

Land registry data shows four sales for 7 HOME FARM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. two of the four 7 HOME FARM CLOSE sales were for below the average price, and four 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 OCT	£275,000	£296,475	7% below HPI
2015 20 MAR	£202,000	£231,302	13% below HPI
2009 19 MAR	£235,000	£208,196	13% above HPI
2002 18 DEC	£199,950	£159,197	26% above HPI

7 HOME FARM 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 four 7 HOME FARM CLOSE sales between December 2002 and October 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 March 2015 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2020 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 7 HOME FARM CLOSE be worth now?

7 HOME FARM CLOSE might now be worth an estimated £325,053.

This is based on house price inflation of 18.2%, between October 2020 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 18.2% inflationary increase is applied to the most recent sale price for 7 HOME FARM CLOSE of £275,000 on 19th October 2020. For the value to have increased from £275,000 to £325,053 over the five years and four months to June 2025, the following assumptions must hold true:

• The value of 7 HOME FARM CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2020 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 7 HOME FARM CLOSE has not materially changed since October 2020.

How Large is 7 HOME FARM CLOSE?

7 HOME FARM CLOSE is 124m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 30% of detached houses houses in Kelham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kelham, and where 7 HOME FARM CLOSE lies on this distribution: 27% of detached houses houses are smaller than 7 HOME FARM CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Kelham.

7 HOME FARM CLOSE: Plot and Title Map

7 HOME FARM CLOSE sits on a plot of roughly 0.148 of an acre, or 599m². The below map shows the location of 7 HOME FARM 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 7 HOME FARM 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 7 HOME FARM CLOSE?

7 HOME FARM CLOSE is located in KELHAM, in the NG23 postcode district. The below map shows the position of No. 7 on HOME FARM CLOSE.