1 Spring Lane, Farnsfield, Newark, NG22 8LD is a freehold detached property built between 1967-1975. The property offers approximately 1,679 square feet of living space. In this location, properties of similar size usually have five bedrooms.

The estimated current market value of the property is £422,503 , which equates to approximately £252 per square foot. It was last sold on 16 Apr 2018 for £318,000. Since then, the value has increased by £104,503, representing a 32.9% increase, or approximately 4.3% per year.

The current estimated value of £422,503 is:

  • 51.1% higher than the average property price on Spring Lane
  • 11.0% higher than the average in the NG22 8LD postcode area
  • and 76.3% higher than the average price for Newark as a whole

At the most recent EPC inspection on 24 February 2015, the property was recorded as owner-occupied.

View sold house prices in NG22 8LD

Building approximate location

About Property

Type
Detached Bungalow
Built
1967-1975
Interior Size
1679 sq ft
Tenure
Freehold
Price (estimate)
£422,503
Price Per sq ft (estimate)
£252
Bedroom Count (estimate)
5 bedrooms

EPC Summary

1 Spring Lane, Farnsfield, Newark, Newark And Sherwood, Nottinghamshire, NG22 8LD has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 24 Feb 2015.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, 100 mm loft insulation
Average
Walls
Cavity wall, as built, no insulation (assumed)
Poor
Windows
Fully double glazed
Good
Lighting
No low energy lighting
Very Poor

Compared to NG22 8LD

9 th / 16
Price Rank
11% higher than average
1 st / 14
Size Rank
56% bigger than average
14 th / 14
Price Per Sq FT Rank
29% lower than average

Compared to other properties in NG22 8LD , this bungalow's estimated value ranks 9th out of 16. Based on price per square foot, it ranks 14th out of 14 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 14 properties in its postcode area.

Sale History

Today
£422,503
streetscan.co.uk estimate
+33 %
16 Apr 2018
£318,000
Leasehold
+22.3 %
28 Mar 2008
£260,000
Leasehold

Area Insights

Similar Properties Sold Nearby

21A Spring Lane, Balderton, Newark, NG24 3NZ
rooms: 7
size: 1525 sq ft
sale price: £235,000
sale date: 21 May 2013

Data Sources

The property at 1 Spring Lane, Farnsfield, Newark, NG22 8LD appears two times in the Land Registry records, with the latest transaction recorded on 16 Apr 2018. It also has a single Energy Performance Certificate (EPC) from 24 Feb 2015. 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.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.
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