JANIK, MAIN STREET, FARNSFIELD, NEWARK, NG22 8EF - £400,000

JANIK is a very small extended detached house of 93m², built sometime between 1950 and 1966. It was last sold for £400,000 in November 2022, which was around 20% above the average November 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

JANIK Sold Prices

Land registry data shows three sales for JANIK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three JANIK 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
2022 23 NOV	£400,000	£334,590	20% above HPI
2005 19 AUG	£262,000	£205,372	28% above HPI
2003 19 MAY	£190,000	£155,031	23% above HPI

JANIK 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 three JANIK sales between May 2003 and November 2022 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 August 2005 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the November 2022 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is JANIK?

JANIK is 93m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the smallest 20% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where JANIK lies on this distribution: 20% of detached houses are smaller than JANIK, and 79% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

JANIK: Plot and Title Map

JANIK sits on a plot of roughly 0.174 of an acre, or 704m². The below map shows the location of JANIK, 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 JANIK). 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 JANIK?

JANIK is located on MAIN STREET in FARNSFIELD, in the NG22 postcode district. The below map shows the position of JANIK on MAIN STREET.