SILVERWOOD, BROOMFIELD LANE, FARNSFIELD, NEWARK, NG22 8LQ - £579,950

SILVERWOOD is a very large detached house of 183m². It was last sold for £579,950 in February 2024, which was around 69% above the average February 2024 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 B.

SILVERWOOD Sold Prices

Land registry data shows three sales for SILVERWOOD 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 SILVERWOOD 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
2024 8 FEB	£579,950	£342,621	69% above HPI
2019 21 AUG	£438,000	£269,732	62% above HPI
2007 24 JUL	£418,500	£222,163	88% above HPI

SILVERWOOD 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 SILVERWOOD sales between July 2007 and February 2024 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 2019 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the February 2024 sale, where it rises to 69% above the HPI. The line then continues to track at 69% above the HPI.

How Large is SILVERWOOD?

SILVERWOOD is 183m² according to the EPC inspection conducted in October 2018. This puts it in the largest 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 SILVERWOOD lies on this distribution: 84% of detached houses are smaller than SILVERWOOD, and 15% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

SILVERWOOD: Plot and Title Map

SILVERWOOD sits on a plot of roughly 0.139 of an acre, or 562m². The below map shows the location of SILVERWOOD, 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 SILVERWOOD). 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 SILVERWOOD?

SILVERWOOD is located on BROOMFIELD LANE in FARNSFIELD, in the NG22 postcode district. The below map shows the position of SILVERWOOD on BROOMFIELD LANE.