16, CHEYNE DRIVE, BILSTHORPE, NEWARK, NG22 8SB - £172,000

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.

16 CHEYNE DRIVE is a very small extended detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £213,202. It was last sold for £172,000 in December 2019, which was around 39% below the average December 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

16 CHEYNE DRIVE Sold Prices

Land registry data shows two sales for 16 CHEYNE 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 16 CHEYNE 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
2019 12 DEC	£172,000	£283,969	39% below HPI
1998 30 JUN	£57,000	£84,595	33% below HPI

16 CHEYNE 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 16 CHEYNE DRIVE sales from June 1998 and December 2019 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 June 1998 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the December 2019 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 16 CHEYNE DRIVE be worth now?

16 CHEYNE DRIVE might now be worth an estimated £213,202.

This is based on house price inflation of 24%, between December 2019 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 24% inflationary increase is applied to the most recent sale price for 16 CHEYNE DRIVE of £172,000 on 12th December 2019. For the value to have increased from £172,000 to £213,202 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of 16 CHEYNE DRIVE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The December 2019 sale price of £172,000 represented a fair market value for the property.
• The size, condition, and specification of 16 CHEYNE DRIVE has not materially changed since December 2019.

How Large is 16 CHEYNE DRIVE?

16 CHEYNE DRIVE is 79m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 20% 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 16 CHEYNE DRIVE lies on this distribution: 18% of detached houses houses are smaller than 16 CHEYNE DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in Bilsthorpe.

16 CHEYNE DRIVE: Plot and Title Map

16 CHEYNE DRIVE sits on a plot of roughly 0.099 of an acre, or 401m². The below map shows the location of 16 CHEYNE 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 16 CHEYNE 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 16 CHEYNE DRIVE?

16 CHEYNE DRIVE is located in BILSTHORPE, in the NG22 postcode district. The below map shows the position of No. 16 on CHEYNE DRIVE.