1, CREMORNE DRIVE, BILSTHORPE, NEWARK, NG22 8UR - £170,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 CREMORNE DRIVE is a large detached house of 113m², built sometime between 2003 and 2006, which could now be worth an estimated £256,379. It was last sold for £170,000 in January 2008, which was around 27% below the average January 2008 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2009, where the current energy rating was C, and the potential energy rating was C.

1 CREMORNE DRIVE Sold Prices

Land registry data shows two sales for 1 CREMORNE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 1 CREMORNE DRIVE 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
2008 10 JAN	£170,000	£233,400	27% below HPI
2004 23 SEP	£153,950	£199,942	23% below HPI

1 CREMORNE DRIVE 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 two 1 CREMORNE DRIVE sales from September 2004 and January 2008 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 September 2004 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2008 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 1 CREMORNE DRIVE be worth now?

1 CREMORNE DRIVE might now be worth an estimated £256,379.

This is based on house price inflation of 50.8%, between January 2008 and February 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 50.8% inflationary increase is applied to the most recent sale price for 1 CREMORNE DRIVE of £170,000 on 10th January 2008. For the value to have increased from £170,000 to £256,379 over the sixteen years and eleven months to February 2025, the following assumptions must hold true:

• The value of 1 CREMORNE DRIVE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The January 2008 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CREMORNE DRIVE has not materially changed since January 2008.

How Large is 1 CREMORNE DRIVE?

1 CREMORNE DRIVE is 113m² according to the EPC inspection conducted in June 2009. This puts it in the largest 40% of detached houses houses in Bilsthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bilsthorpe, and where 1 CREMORNE DRIVE lies on this distribution: 61% of detached houses houses are smaller than 1 CREMORNE DRIVE, and 39% of houses are larger. Note that EPC data is not available for all properties in Bilsthorpe.

1 CREMORNE DRIVE: Plot and Title Map

1 CREMORNE DRIVE sits on a plot of roughly 0.093 of an acre, or 376m². The below map shows the location of 1 CREMORNE DRIVE, 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 1 CREMORNE DRIVE). 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 1 CREMORNE DRIVE?

1 CREMORNE DRIVE is located in BILSTHORPE, in the NG22 postcode district. The below map shows the position of No. 1 on CREMORNE DRIVE.