3, HONING DRIVE, SOUTHWELL, NG25 0LB - £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 HONING DRIVE is a small detached house of 91m², built sometime between 1950 and 1966, which could now be worth an estimated £355,928. It was last sold for £273,000 in September 2017, which was around 1% above the average September 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

3 HONING DRIVE Sold Prices

Land registry data shows two sales for 3 HONING 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. One of the two 3 HONING DRIVE sales was for above the average price, whilst the other was roughly equal to 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
2017 6 SEP	£273,000	£269,982	1% above HPI
2016 12 FEB	£243,000	£243,255	Close to HPI

3 HONING 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 HONING DRIVE sales from February 2016 and September 2017 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 February 2016 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2017 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 3 HONING DRIVE be worth now?

3 HONING DRIVE might now be worth an estimated £355,928.

This is based on house price inflation of 30.4%, between September 2017 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 30.4% inflationary increase is applied to the most recent sale price for 3 HONING DRIVE of £273,000 on 6th September 2017. For the value to have increased from £273,000 to £355,928 over the eight years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 HONING DRIVE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2017 sale price of £273,000 represented a fair market value for the property.
• The size, condition, and specification of 3 HONING DRIVE has not materially changed since September 2017.

How Large is 3 HONING DRIVE?

3 HONING DRIVE is 91m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 30% of detached houses houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwell, and where 3 HONING DRIVE lies on this distribution: 22% of detached houses houses are smaller than 3 HONING DRIVE, and 77% of houses are larger. Note that EPC data is not available for all properties in Southwell.

3 HONING DRIVE: Plot and Title Map

3 HONING DRIVE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 3 HONING 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 HONING 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 HONING DRIVE?

3 HONING DRIVE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 3 on HONING DRIVE.