9, IRVING CLOSE, FARNSFIELD, NEWARK, NG22 8FB - £170,000

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.

9 IRVING CLOSE is a very small extended terraced house of 58m², built sometime between 1996 and 2002, which could now be worth an estimated £211,056. It was last sold for £170,000 in August 2020, which was around 26% above the average August 2020 terraced price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

9 IRVING CLOSE Sold Prices

Land registry data shows two sales for 9 IRVING CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 9 IRVING 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
2020 12 AUG	£170,000	£135,306	26% above HPI
1999 19 NOV	£64,800	£39,117	66% above HPI

9 IRVING CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two 9 IRVING CLOSE sales from November 1999 and August 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 November 1999 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the August 2020 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 9 IRVING CLOSE be worth now?

9 IRVING CLOSE might now be worth an estimated £211,056.

This is based on house price inflation of 24.2%, between August 2020 and June 2025, for terraced 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 24.2% inflationary increase is applied to the most recent sale price for 9 IRVING CLOSE of £170,000 on 12th August 2020. For the value to have increased from £170,000 to £211,056 over the five years and two months to June 2025, the following assumptions must hold true:

• The value of 9 IRVING CLOSE has moved in line with the HPI for terraced houses in the Newark and Sherwood local authority area.
• The August 2020 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 9 IRVING CLOSE has not materially changed since August 2020.

How Large is 9 IRVING CLOSE?

9 IRVING CLOSE is 58m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 10% of terraced houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Farnsfield, and where 9 IRVING CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 9 IRVING CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

9 IRVING CLOSE: Plot and Title Map

9 IRVING CLOSE sits on a plot of roughly 0.036 of an acre, or 146m². The below map shows the location of 9 IRVING 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 9 IRVING 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 9 IRVING CLOSE?

9 IRVING CLOSE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 9 on IRVING CLOSE.