THE OLD PHARMACY, MAIN STREET, FARNSFIELD, NEWARK, NG22 8EF - £595,000

THE OLD PHARMACY is a very large extended detached house of 294m², built sometime before 1900. It was last sold for £595,000 in September 2021, which was around 101% above the average September 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

THE OLD PHARMACY Sold Prices

Land registry data shows four sales for THE OLD PHARMACY 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. All of the four THE OLD PHARMACY 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
2021 30 SEP	£595,000	£296,194	101% above HPI
2016 27 JUN	£490,000	£237,429	106% above HPI
2003 25 JUL	£320,000	£164,753	94% above HPI
1999 24 MAR	£140,000	£80,689	74% above HPI

THE OLD PHARMACY 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 OLD PHARMACY sales between March 1999 and September 2021 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 June 2016 sale was for 106% above the HPI. So the extrapolation line tracks at 106% above the HPI over time, until the September 2021 sale, where it falls to 101% above the HPI. The line then continues to track at 101% above the HPI.

How Large is THE OLD PHARMACY?

THE OLD PHARMACY is 294m², which includes two extensions, according to the EPC inspection conducted in May 2014. This puts it in the largest 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 OLD PHARMACY lies on this distribution: 98% of detached houses are smaller than THE OLD PHARMACY, and 2% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

THE OLD PHARMACY: Plot and Title Map

THE OLD PHARMACY sits on a plot of roughly 0.326 of an acre, or 1,318m². The below map shows the location of THE OLD PHARMACY, 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 OLD PHARMACY). 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 OLD PHARMACY?

THE OLD PHARMACY is located on MAIN STREET in FARNSFIELD, in the NG22 postcode district. The below map shows the position of THE OLD PHARMACY on MAIN STREET.