3, CREMORNE DRIVE, BILSTHORPE, NEWARK, NG22 8UR - £273,000

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.

3 CREMORNE DRIVE is a large extended detached house of 116m², built sometime between 2003 and 2006, which could now be worth an estimated £284,801. It was last sold for £273,000 in July 2022, which was around 19% below the average July 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

3 CREMORNE DRIVE Sold Prices

Land registry data shows two sales for 3 CREMORNE 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 3 CREMORNE 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
2022 20 JUL	£273,000	£337,408	19% below HPI
2004 19 AUG	£159,950	£201,098	20% below HPI

3 CREMORNE 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 3 CREMORNE DRIVE sales from August 2004 and July 2022 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 August 2004 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 3 CREMORNE DRIVE be worth now?

3 CREMORNE DRIVE might now be worth an estimated £284,801.

This is based on house price inflation of 4.3%, between July 2022 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 4.3% inflationary increase is applied to the most recent sale price for 3 CREMORNE DRIVE of £273,000 on 20th July 2022. For the value to have increased from £273,000 to £284,801 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 3 CREMORNE DRIVE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The July 2022 sale price of £273,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CREMORNE DRIVE has not materially changed since July 2022.

How Large is 3 CREMORNE DRIVE?

3 CREMORNE DRIVE is 116m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the largest 40% 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 3 CREMORNE DRIVE lies on this distribution: 66% of detached houses houses are smaller than 3 CREMORNE DRIVE, and 34% of houses are larger. Note that EPC data is not available for all properties in Bilsthorpe.

3 CREMORNE DRIVE: Plot and Title Map

3 CREMORNE DRIVE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 3 CREMORNE 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 3 CREMORNE 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 3 CREMORNE DRIVE?

3 CREMORNE DRIVE is located in BILSTHORPE, in the NG22 postcode district. The below map shows the position of No. 3 on CREMORNE DRIVE.