THE OATS, QUAKER LANE, FARNSFIELD, NEWARK, NG22 8EE - £225,000

THE OATS is a small detached house of 94m², built sometime before 1900. It was last sold for £225,000 in August 2020, which was around 18% below the average August 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

THE OATS Sold Prices

Land registry data shows four sales for THE OATS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Most of the four THE OATS 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
2020 20 AUG	£225,000	£275,638	18% below HPI
2017 24 APR	£224,000	£243,666	8% below HPI
2008 12 SEP	£225,000	£215,190	5% above HPI
1998 18 DEC	£78,000	£82,938	6% below HPI

THE OATS 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 four THE OATS sales between December 1998 and August 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 April 2017 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is THE OATS?

THE OATS is 94m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 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 THE OATS lies on this distribution: 21% of detached houses are smaller than THE OATS, and 78% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

THE OATS: Plot and Title Map

THE OATS sits on a plot of roughly 0.030 of an acre, or 122m². The below map shows the location of THE OATS, 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 OATS). 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 OATS?

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