FARNLEA, NELSON LANE, NORTH MUSKHAM, NEWARK, NG23 6HL - £227,000

FARNLEA is a very small extended detached house of 96m², built sometime between 1950 and 1966. It was last sold for £227,000 in April 2017, which was around 7% below the average April 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was A.

FARNLEA Sold Prices

Land registry data shows four sales for FARNLEA 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. Most of the four FARNLEA 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
2017 28 APR	£227,000	£243,666	7% below HPI
2014 27 JUN	£200,000	£220,265	9% below HPI
2008 3 OCT	£210,000	£205,744	2% above HPI
2001 1 JUN	£87,300	£100,202	13% below HPI

FARNLEA 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 FARNLEA sales between June 2001 and April 2017 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 June 2014 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the April 2017 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is FARNLEA?

FARNLEA is 96m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 20% of detached houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses by size in North Muskham, and where FARNLEA lies on this distribution: 17% of detached houses are smaller than FARNLEA, and 83% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

FARNLEA: Plot and Title Map

FARNLEA sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of FARNLEA, 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 FARNLEA). 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 FARNLEA?

FARNLEA is located on NELSON LANE in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of FARNLEA on NELSON LANE.