THE CROFT, CHAPEL LANE, FARNSFIELD, NEWARK, NG22 8JP - £455,000

THE CROFT is a very small extended detached house of 60m², built sometime between 1930 and 1949. It was last sold for £455,000 in November 2020, which was around 57% above the average November 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2011, where the current energy rating was E, and the potential energy rating was D.

THE CROFT Sold Prices

Land registry data shows two sales for THE CROFT 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 THE CROFT sales was for above the average price, whilst the other was 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
2020 18 NOV	£455,000	£289,408	57% above HPI
2013 31 OCT	£140,000	£202,526	31% below HPI

THE CROFT 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 THE CROFT sales from October 2013 and November 2020 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 October 2013 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2020 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

How Large is THE CROFT?

THE CROFT is 60m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the smallest 10% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where THE CROFT lies on this distribution: 2% of detached houses are smaller than THE CROFT, and 98% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

THE CROFT: Plot and Title Map

THE CROFT sits on a plot of roughly 0.124 of an acre, or 500m². The below map shows the location of THE CROFT, 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 THE CROFT). 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 THE CROFT?

THE CROFT is located on CHAPEL LANE in FARNSFIELD, in the NG22 postcode district. The below map shows the position of THE CROFT on CHAPEL LANE.