8, CROSS LANE, FARNDON, NEWARK, NG24 3SH - £102,000

8 CROSS LANE is a very small detached house of 59m², built sometime between 1976 and 1982. It was last sold for £102,000 in August 2013, which was around 51% below the average August 2013 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was D.

8 CROSS LANE Sold Prices

Land registry data shows two sales for 8 CROSS 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 8 CROSS LANE sales were for below 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
2013 23 AUG	£102,000	£209,253	51% below HPI
1997 24 OCT	£29,000	£79,464	64% below HPI

8 CROSS 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 8 CROSS LANE sales from October 1997 and August 2013 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 1997 sale was for 64% below the HPI. So the extrapolation line tracks at 64% below the HPI over time, until the August 2013 sale, where it rises to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is 8 CROSS LANE?

8 CROSS LANE is 59m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 10% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 8 CROSS LANE lies on this distribution: 3% of detached houses are smaller than 8 CROSS LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Farndon.

8 CROSS LANE: Plot and Title Map

8 CROSS LANE sits on a plot of roughly 0.035 of an acre, or 143m². The below map shows the location of 8 CROSS 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 8 CROSS 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 8 CROSS LANE?

8 CROSS LANE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 8 on CROSS LANE.