NETHER CLOSE, SOUTHWELL ROAD, FARNSFIELD, NEWARK, NG22 8EB - £570,000

NETHER CLOSE is a large extended detached house of 163m², built sometime between 1930 and 1949. It was last sold for £570,000 in July 2022, which was around 75% above the average July 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was C.

NETHER CLOSE Sold Prices

Land registry data shows three sales for NETHER CLOSE 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 NETHER 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
2022 26 JUL	£570,000	£325,338	75% above HPI
2003 28 NOV	£275,000	£173,580	58% above HPI
2001 26 OCT	£176,000	£111,058	58% above HPI

NETHER CLOSE 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 NETHER CLOSE sales between October 2001 and July 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 November 2003 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the July 2022 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

How Large is NETHER CLOSE?

NETHER CLOSE is 163m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the largest 30% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where NETHER CLOSE lies on this distribution: 74% of detached houses are smaller than NETHER CLOSE, and 26% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

NETHER CLOSE: Plot and Title Map

NETHER CLOSE sits on a plot of roughly 0.191 of an acre, or 774m². The below map shows the location of NETHER 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 NETHER 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 NETHER CLOSE?

NETHER CLOSE is located on SOUTHWELL ROAD in FARNSFIELD, in the NG22 postcode district. The below map shows the position of NETHER CLOSE on SOUTHWELL ROAD.