1, ORCHID CLOSE, NEW BALDERTON, NEWARK, NG24 3ET - £130,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 ORCHID CLOSE is a very small detached house of 55m², built sometime between 1976 and 1982, which could now be worth an estimated £221,171. It was last sold for £130,000 in November 2011, which was around 38% below the average November 2011 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

1 ORCHID CLOSE Sold Prices

Land registry data shows two sales for 1 ORCHID CLOSE 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 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
2011 9 NOV	£130,000	£211,030	38% below HPI
1996 30 AUG	£55,000	£79,142	31% below HPI

1 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 two 1 ORCHID CLOSE sales from August 1996 and November 2011 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 August 1996 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2011 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 1 ORCHID CLOSE be worth now?

1 ORCHID CLOSE might now be worth an estimated £221,171.

This is based on house price inflation of 70.1%, between November 2011 and December 2024, 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 70.1% inflationary increase is applied to the most recent sale price for 1 ORCHID CLOSE of £130,000 on 9th November 2011. For the value to have increased from £130,000 to £221,171 over the twelve years and eleven months to December 2024, the following assumptions must hold true:

• The value of 1 ORCHID CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2011 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ORCHID CLOSE has not materially changed since November 2011.

How Large is 1 ORCHID CLOSE?

1 ORCHID CLOSE is 55m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of detached houses houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Balderton, and where 1 ORCHID CLOSE lies on this distribution: 3% of detached houses houses are smaller than 1 ORCHID CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Balderton.

1 ORCHID CLOSE: Plot and Title Map

1 ORCHID CLOSE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 1 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 1 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 1 ORCHID CLOSE?

1 ORCHID CLOSE is located in NEW BALDERTON, in the NG24 postcode district. The below map shows the position of No. 1 on ORCHID CLOSE.