2, THE ORCHARD, ELSTON, NEWARK, NG23 5PL - £409,750

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 THE ORCHARD is a very large extended detached house of 223m², built sometime between 1996 and 2002. It was last sold for £409,750 in March 2007, which was around 91% above the average March 2007 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was C.

2 THE ORCHARD Sold Prices

Land registry data shows three sales for 2 THE ORCHARD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Two of the three 2 THE ORCHARD sales were for above the average price, whilst one was 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
2007 9 MAR	£409,750	£214,057	91% above HPI
2000 10 NOV	£210,000	£100,595	109% above HPI
1995 27 SEP	£35,000	£74,193	53% below HPI

2 THE ORCHARD 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 three 2 THE ORCHARD sales between September 1995 and March 2007 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 November 2000 sale was for 109% above the HPI. So the extrapolation line tracks at 109% above the HPI over time, until the March 2007 sale, where it falls to 91% above the HPI. The line then continues to track at 91% above the HPI.

How Large is 2 THE ORCHARD?

2 THE ORCHARD is 223m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the largest 10% of detached houses in Elston, based on EPC data. The below chart shows the distribution of detached houses by size in Elston, and where 2 THE ORCHARD lies on this distribution: 91% of detached houses are smaller than 2 THE ORCHARD, and 9% of houses are larger. Note that EPC data is not available for all properties in Elston.

2 THE ORCHARD: Plot and Title Map

2 THE ORCHARD sits on a plot of roughly 0.162 of an acre, or 655m². The below map shows the location of 2 THE ORCHARD, 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 THE ORCHARD). 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 THE ORCHARD?

2 THE ORCHARD is located in ELSTON, in the NG23 postcode district. The below map shows the position of No. 2 on THE ORCHARD.