1 School Lane, Farndon, Newark, NG24 3SL is a freehold detached property built in 2020. The property offers approximately 2,648 square feet of living space. In this location, properties of similar size usually have six bedrooms.

The estimated current market value of the property is £495,554 , which equates to approximately £187 per square foot. It was last sold on 23 Jun 2017 for £350,000. Since then, the value has increased by £145,554, representing a 41.6% increase, or approximately 4.9% per year.

The current estimated value of £495,554 is:

  • 5.3% higher than the average property price on School Lane
  • 41.5% higher than the average in the NG24 3SL postcode area
  • and 106.8% higher than the average price for Newark as a whole

At the most recent EPC inspection on 27 January 2017, the property was recorded as owner-occupied.

View sold house prices in NG24 3SL

Building approximate location

About Property

Type
Detached Bungalow
Built
2020
Interior Size
2648 sq ft
Tenure
Freehold
Price (estimate)
£495,554
Price Per sq ft (estimate)
£187
Bedroom Count (estimate)
6 bedrooms

EPC Summary

1 School Lane, Farndon, Newark, Newark And Sherwood, Nottinghamshire, NG24 3SL has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 3 Oct 2022.

This property is heated by an air source heat pump and underfloor heating. Hot water is provided from main heating system. The windows are high performance glazing.

The previous EPC assessment was conducted on 27 Jan 2017, when the property was rated E. Since then, the rating has improved to B, with the energy efficiency score increasing by 68.6%.

Since the previous assessment, several changes were observed:

  • The heating system changed from boiler and radiators, mains gas to air source heat pump, underfloor, electric, with no change in energy efficiency (good).
  • The roof construction or insulation changed from pitched, 150 mm loft insulation to average thermal transmittance 0.17 w/m-¦k, with no change in energy efficiency (good).
  • The wall construction or insulation changed from cavity wall, filled cavity to average thermal transmittance 0.26 w/m-¦k, improving energy efficiency from good to very good.
  • The windows were upgraded from fully double glazed to high performance glazing.
  • The lighting was updated from low energy lighting in 11% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from poor to very good.
Heating Type
Air source heat pump, underfloor, electric
Good
Hot Water
From main system
Good
Floor
Average thermal transmittance 0.17 W/m-¦K
Very Good
Roof
Average thermal transmittance 0.17 W/m-¦K
Good
Walls
Average thermal transmittance 0.26 W/m-¦K
Very Good
Windows
High performance glazing
Very Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NG24 3SL

2 nd / 17
Price Rank
41% higher than average
1 st / 11
Size Rank
120% bigger than average
11 th / 11
Price Per Sq FT Rank
36% lower than average

Compared to other properties in NG24 3SL , this bungalow's estimated value ranks 2nd out of 17. Based on price per square foot, it ranks 11th out of 11 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 1st out of 11 properties in its postcode area.

Sale History

Today
£495,554
streetscan.co.uk estimate
+42 %
23 Jun 2017
£350,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms:
size: 2551 sq ft
sale price: £770,000
sale date: 5 Jul 2024
rooms: 10
size: 2626 sq ft
sale price: £715,000
sale date: 15 Mar 2021
rooms: 8
size: 2659 sq ft
sale price: £725,000
sale date: 5 Jun 2019
rooms: 9
size: 3039 sq ft
sale price: £620,000
sale date: 16 Oct 2015
rooms: 9
size: 2766 sq ft
sale price: £420,000
sale date: 24 Nov 2006

Data Sources

The property at 1 School Lane, Farndon, Newark, Newark And Sherwood, Nottinghamshire, NG24 3SL appears once in the Land Registry records, with the transaction recorded on 23 Jun 2017. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 3 Oct 2022. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


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