MULBERRY HOUSE, FAR BACK LANE, FARNSFIELD, NEWARK, NG22 8JX - £285,000

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.

MULBERRY HOUSE is a small semi-detached house of 96m², which could now be worth an estimated £339,205. It was last sold for £285,000 in February 2021, which was around 65% above the average February 2021 semi-detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2018, where the current energy rating was B, and the potential energy rating was A.

MULBERRY HOUSE Sold Prices

Land registry data shows two sales for MULBERRY HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two MULBERRY HOUSE 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 25 FEB	£285,000	£172,872	65% above HPI
2018 19 DEC	£265,000	£163,042	63% above HPI

MULBERRY HOUSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two MULBERRY HOUSE sales from December 2018 and February 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 December 2018 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the February 2021 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might MULBERRY HOUSE be worth now?

MULBERRY HOUSE might now be worth an estimated £339,205.

This is based on house price inflation of 19%, between February 2021 and February 2025, for semi-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 19% inflationary increase is applied to the most recent sale price for MULBERRY HOUSE of £285,000 on 25th February 2021. For the value to have increased from £285,000 to £339,205 over the four years to February 2025, the following assumptions must hold true:

• The value of MULBERRY HOUSE has moved in line with the HPI for semi-detached houses in the Newark and Sherwood local authority area.
• The February 2021 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of MULBERRY HOUSE has not materially changed since February 2021.

How Large is MULBERRY HOUSE?

MULBERRY HOUSE is 96m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 30% of semi-detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Farnsfield, and where MULBERRY HOUSE lies on this distribution: 22% of semi-detached houses houses are smaller than MULBERRY HOUSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

MULBERRY HOUSE: Plot and Title Map

MULBERRY HOUSE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of MULBERRY HOUSE, 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 MULBERRY HOUSE). 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 MULBERRY HOUSE?

MULBERRY HOUSE is located on FAR BACK LANE in FARNSFIELD, in the NG22 postcode district. The below map shows the position of MULBERRY HOUSE on FAR BACK LANE.