SPRINGFIELD, FAR BACK LANE, FARNSFIELD, NEWARK, NG22 8JX - £247,500

SPRINGFIELD is a very small extended detached house of 89m², built sometime between 1967 and 1975. It was last sold for £247,500 in May 2019, which was around 6% below the average May 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

SPRINGFIELD Sold Prices

Land registry data shows three sales for SPRINGFIELD 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 SPRINGFIELD sales were for below 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
2019 3 MAY	£247,500	£264,550	6% below HPI
2017 11 AUG	£223,000	£253,758	12% below HPI
2007 13 JUL	£175,000	£222,163	21% below HPI

SPRINGFIELD 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 SPRINGFIELD sales between July 2007 and May 2019 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 2017 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the May 2019 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is SPRINGFIELD?

SPRINGFIELD is 89m², which includes one extension, according to the EPC inspection conducted in March 2012. 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 SPRINGFIELD lies on this distribution: 16% of detached houses are smaller than SPRINGFIELD, and 84% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

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