THE WILLOWS, QUAKER LANE, FARNSFIELD, NEWARK, NG22 8EE - £620,000

THE WILLOWS is a large extended detached house of 166m², built sometime from 2007 onwards. It was last sold for £620,000 in January 2020, which was around 131% above the average January 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

THE WILLOWS Sold Prices

Land registry data shows three sales for THE WILLOWS 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. The three THE WILLOWS sales were a mix of above the average price, and roughly equal to 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 10 JAN	£620,000	£268,877	131% above HPI
2017 30 OCT	£575,000	£265,422	117% above HPI
2007 25 MAY	£220,000	£219,182	Close to HPI

THE WILLOWS 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 THE WILLOWS sales between May 2007 and January 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 2017 sale was for 117% above the HPI. So the extrapolation line tracks at 117% above the HPI over time, until the January 2020 sale, where it rises to 131% above the HPI. The line then continues to track at 131% above the HPI.

How Large is THE WILLOWS?

THE WILLOWS is 166m², which includes two extensions, according to the EPC inspection conducted in November 2016. This puts it in the largest 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 WILLOWS lies on this distribution: 76% of detached houses are smaller than THE WILLOWS, and 23% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

THE WILLOWS: Plot and Title Map

THE WILLOWS sits on a plot of roughly 0.179 of an acre, or 723m². The below map shows the location of THE WILLOWS, 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 WILLOWS). 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 WILLOWS?

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