2, GRANBY DRIVE, BALDERTON, NEWARK, NG24 3JD - £225,000

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.

2 GRANBY DRIVE is a very small detached house of 65m², built sometime between 1967 and 1975, which could now be worth an estimated £274,919. It was last sold for £225,000 in October 2018, which was around 22% below the average October 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was B.

2 GRANBY DRIVE Sold Prices

Land registry data shows two sales for 2 GRANBY 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 2 GRANBY 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
2018 18 OCT	£225,000	£288,079	22% below HPI
2018 25 APR	£162,000	£274,340	41% below HPI

2 GRANBY 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 2 GRANBY DRIVE sales from April 2018 and October 2018 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 April 2018 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the October 2018 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 2 GRANBY DRIVE be worth now?

2 GRANBY DRIVE might now be worth an estimated £274,919.

This is based on house price inflation of 22.2%, between October 2018 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 22.2% inflationary increase is applied to the most recent sale price for 2 GRANBY DRIVE of £225,000 on 18th October 2018. For the value to have increased from £225,000 to £274,919 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 GRANBY DRIVE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2018 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GRANBY DRIVE has not materially changed since October 2018.

How Large is 2 GRANBY DRIVE?

2 GRANBY DRIVE is 65m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 20% 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 2 GRANBY DRIVE lies on this distribution: 12% of detached houses houses are smaller than 2 GRANBY DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Balderton.

2 GRANBY DRIVE: Plot and Title Map

2 GRANBY DRIVE sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of 2 GRANBY 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 2 GRANBY 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 2 GRANBY DRIVE?

2 GRANBY DRIVE is located in BALDERTON, in the NG24 postcode district. The below map shows the position of No. 2 on GRANBY DRIVE.