11, ORCHID CLOSE, NEW BALDERTON, NEWARK, NG24 3ET - £124,000

11 ORCHID CLOSE is a very small detached house of 53m², built sometime between 1976 and 1982. It was last sold for £124,000 in October 2012, which was around 40% below the average October 2012 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2009, where the current energy rating was D, and the potential energy rating was C.

11 ORCHID CLOSE Sold Prices

Land registry data shows four sales for 11 ORCHID CLOSE 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 11 ORCHID CLOSE 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
2012 24 OCT	£124,000	£205,896	40% below HPI
2010 12 MAR	£110,000	£204,028	46% below HPI
1996 5 JUL	£58,500	£75,635	23% below HPI
1995 11 APR	£57,000	£70,991	20% below HPI

11 ORCHID CLOSE 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 11 ORCHID CLOSE sales between April 1995 and October 2012 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 March 2010 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the October 2012 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 11 ORCHID CLOSE?

11 ORCHID CLOSE is 53m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 10% of detached houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses by size in Balderton, and where 11 ORCHID CLOSE lies on this distribution: 2% of detached houses are smaller than 11 ORCHID CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Balderton.

11 ORCHID CLOSE: Plot and Title Map

11 ORCHID CLOSE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 11 ORCHID CLOSE, 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 11 ORCHID CLOSE). 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 11 ORCHID CLOSE?

11 ORCHID CLOSE is located in NEW BALDERTON, in the NG24 postcode district. The below map shows the position of No. 11 on ORCHID CLOSE.