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

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.

11 ORCHID CLOSE is a very small detached house of 53m², built sometime between 1976 and 1982, which could now be worth an estimated £203,634. It was last sold for £124,000 in October 2012, which was around 42% 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	£214,341	42% below HPI
2010 12 MAR	£110,000	£212,397	48% below HPI
1996 5 JUL	£58,500	£78,737	26% below HPI
1995 11 APR	£57,000	£73,903	23% 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 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the October 2012 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 11 ORCHID CLOSE be worth now?

11 ORCHID CLOSE might now be worth an estimated £203,634.

This is based on house price inflation of 64.2%, between October 2012 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 64.2% inflationary increase is applied to the most recent sale price for 11 ORCHID CLOSE of £124,000 on 24th October 2012. For the value to have increased from £124,000 to £203,634 over the thirteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 11 ORCHID CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2012 sale price of £124,000 represented a fair market value for the property.
• The size, condition, and specification of 11 ORCHID CLOSE has not materially changed since October 2012.

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 houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Balderton, and where 11 ORCHID CLOSE lies on this distribution: 2% of detached houses 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.