12, ORCHID DRIVE, FARNDON, NEWARK, NG24 3TX - £154,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 ORCHID DRIVE is a very small extended detached house of 75m², built sometime between 1996 and 2002. It was last sold for £154,500 in June 2014, which was around 30% below the average June 2014 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2024, where the current energy rating was D, and the potential energy rating was B.

12 ORCHID DRIVE Sold Prices

Land registry data shows two sales for 12 ORCHID 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 12 ORCHID 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
2014 27 JUN	£154,500	£220,265	30% below HPI
2001 23 FEB	£72,500	£97,421	26% below HPI

12 ORCHID 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 12 ORCHID DRIVE sales from February 2001 and June 2014 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 February 2001 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2014 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 12 ORCHID DRIVE?

12 ORCHID DRIVE is 75m², which includes two extensions, according to the EPC inspection conducted in August 2024. This puts it in the smallest 20% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 12 ORCHID DRIVE lies on this distribution: 15% of detached houses are smaller than 12 ORCHID DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Farndon.

12 ORCHID DRIVE: Plot and Title Map

12 ORCHID DRIVE sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 12 ORCHID 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 12 ORCHID 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 12 ORCHID DRIVE?

12 ORCHID DRIVE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 12 on ORCHID DRIVE.