8, MURDOCH CLOSE, FARNSFIELD, NEWARK, NG22 8FE - £517,000

8 MURDOCH CLOSE is a large detached house of 143m², built sometime between 1996 and 2002. It was last sold for £517,000 in October 2023, which was around 50% above the average October 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

8 MURDOCH CLOSE Sold Prices

Land registry data shows four sales for 8 MURDOCH 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. All of the four 8 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
2023 20 OCT	£517,000	£343,985	50% above HPI
2020 20 MAY	£420,000	£268,624	56% above HPI
2015 22 JUN	£369,500	£219,537	68% above HPI
1999 15 DEC	£154,995	£89,690	73% above HPI

8 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 four 8 MURDOCH CLOSE sales between December 1999 and October 2023 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 May 2020 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the October 2023 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is 8 MURDOCH CLOSE?

8 MURDOCH CLOSE is 143m² according to the EPC inspection conducted in December 2013. This puts it in the largest 40% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where 8 MURDOCH CLOSE lies on this distribution: 63% of detached houses are smaller than 8 MURDOCH CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

8 MURDOCH CLOSE: Plot and Title Map

8 MURDOCH CLOSE sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 8 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 8 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 8 MURDOCH CLOSE?

8 MURDOCH CLOSE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 8 on MURDOCH CLOSE.