3, HONING DRIVE, SOUTHWELL, NG25 0LB - £273,000

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

3 HONING DRIVE is a small detached house of 91m², built sometime between 1950 and 1966. It was last sold for £273,000 in September 2017, which was around 5% 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. Both of the two 3 HONING DRIVE sales were for above 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	£259,345	5% above HPI
2016 12 FEB	£243,000	£233,670	4% above 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 was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the September 2017 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

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 in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where 3 HONING DRIVE lies on this distribution: 22% of detached 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.