FERNHILL, HOVERINGHAM ROAD, CAYTHORPE, NOTTINGHAM, NG14 7EE - £1,100,000

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.

FERNHILL is a very large extended detached house of 348m², built sometime between 2007 and 2011, which could now be worth an estimated £1,291,685. It was last sold for £1,100,000 in March 2021, which was around 265% above the average March 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

FERNHILL Sold Prices

Land registry data shows two sales for FERNHILL 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 FERNHILL 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
2021 12 MAR	£1,100,000	£301,442	265% above HPI
2015 15 JAN	£865,000	£231,431	274% above HPI

FERNHILL 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 FERNHILL sales from January 2015 and March 2021 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 January 2015 sale was for 274% above the HPI. So the extrapolation line tracks at 274% above the HPI over time, until the March 2021 sale, where it falls to 265% above the HPI. The line then continues to track at 265% above the HPI.

What might FERNHILL be worth now?

FERNHILL might now be worth an estimated £1,291,685.

This is based on house price inflation of 17.4%, between March 2021 and May 2026, 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 17.4% inflationary increase is applied to the most recent sale price for FERNHILL of £1,100,000 on 12th March 2021. For the value to have increased from £1,100,000 to £1,291,685 over the four years and ten months to May 2026, the following assumptions must hold true:

• The value of FERNHILL has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2021 sale price of £1,100,000 represented a fair market value for the property.
• The size, condition, and specification of FERNHILL has not materially changed since March 2021.

How Large is FERNHILL?

FERNHILL is 348m², which includes two extensions, according to the EPC inspection conducted in May 2019. This puts it in the largest 10% of detached houses houses in Caythorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caythorpe, and where FERNHILL lies on this distribution: More than 99% of detached houses houses are smaller than FERNHILL, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Caythorpe.

FERNHILL: Plot and Title Map

FERNHILL sits on a plot of roughly 1.1 acres, or 4,268m². The below map shows the location of FERNHILL, 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 FERNHILL). 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 FERNHILL?

FERNHILL is located on HOVERINGHAM ROAD in CAYTHORPE, in the NG14 postcode district. The below map shows the position of FERNHILL on HOVERINGHAM ROAD.