RADLEY, FAR BACK LANE, FARNSFIELD, NEWARK, NG22 8JX - £300,000

RADLEY is a very small extended detached house of 85m², built sometime between 1976 and 1982. It was last sold for £300,000 in June 2022, which was around 5% below the average June 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was C.

RADLEY Sold Prices

Land registry data shows two sales for RADLEY 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. One of the two RADLEY sales was for below the average price, whilst the other was 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 28 JUN	£300,000	£316,189	5% below HPI
2006 31 MAR	£240,000	£199,901	20% above HPI

RADLEY 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 RADLEY sales from March 2006 and June 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 March 2006 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the June 2022 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is RADLEY?

RADLEY is 85m², which includes one extension, according to the EPC inspection conducted in June 2018. 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 RADLEY lies on this distribution: 13% of detached houses are smaller than RADLEY, and 86% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

RADLEY: Plot and Title Map

RADLEY sits on a plot of roughly 0.153 of an acre, or 617m². The below map shows the location of RADLEY, 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 RADLEY). 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 RADLEY?

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