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

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

18 CORNWALL DRIVE is a very small extended detached house of 87m², built sometime between 1967 and 1975. It was last sold for £149,000 in September 2019, which was around 46% 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	£273,716	46% below HPI
2003 2 MAY	£139,995	£155,031	10% below HPI
2002 7 MAY	£100,000	£115,240	13% below HPI
1999 22 OCT	£58,000	£88,824	35% 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 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2019 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

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 in Ollerton, based on EPC data. The below chart shows the distribution of detached houses by size in Ollerton, and where 18 CORNWALL DRIVE lies on this distribution: 20% of detached 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 0.102 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.