18, CORNWALL DRIVE, OLLERTON, NEWARK, NG22 9AJ - £149,000

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.

18 CORNWALL DRIVE is a very small extended detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £185,684. It was last sold for £149,000 in September 2019, which was around 48% below the average September 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2019, where the current energy rating was E, and the potential energy rating was C.

18 CORNWALL DRIVE Sold Prices

Land registry data shows four sales for 18 CORNWALL DRIVE 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 18 CORNWALL 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 27 SEP	£149,000	£284,944	48% below HPI
2003 2 MAY	£139,995	£161,391	13% below HPI
2002 7 MAY	£100,000	£119,967	17% below HPI
1999 22 OCT	£58,000	£92,468	37% below HPI

18 CORNWALL 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 four 18 CORNWALL DRIVE sales between October 1999 and September 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 May 2003 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2019 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 18 CORNWALL DRIVE be worth now?

18 CORNWALL DRIVE might now be worth an estimated £185,684.

This is based on house price inflation of 24.6%, between September 2019 and March 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 24.6% inflationary increase is applied to the most recent sale price for 18 CORNWALL DRIVE of £149,000 on 27th September 2019. For the value to have increased from £149,000 to £185,684 over the six years and six months to March 2025, the following assumptions must hold true:

• The value of 18 CORNWALL DRIVE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2019 sale price of £149,000 represented a fair market value for the property.
• The size, condition, and specification of 18 CORNWALL DRIVE has not materially changed since September 2019.

How Large is 18 CORNWALL DRIVE?

18 CORNWALL DRIVE is 87m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the smallest 20% of detached houses houses in Ollerton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ollerton, and where 18 CORNWALL DRIVE lies on this distribution: 20% of detached houses houses are smaller than 18 CORNWALL DRIVE, and 76% of houses are larger. Note that EPC data is not available for all properties in Ollerton.

18 CORNWALL DRIVE: Plot and Title Map

18 CORNWALL DRIVE sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 18 CORNWALL 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 18 CORNWALL 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 18 CORNWALL DRIVE?

18 CORNWALL DRIVE is located in OLLERTON, in the NG22 postcode district. The below map shows the position of No. 18 on CORNWALL DRIVE.