3, THE ORCHARD, NEWARK, NG24 1SZ - £399,950

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 THE ORCHARD is a very large detached house of 158m², built sometime between 1991 and 1995, which could now be worth an estimated £500,970. It was last sold for £399,950 in January 2019, which was around 42% above the average January 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

3 THE ORCHARD Sold Prices

Land registry data shows four sales for 3 THE ORCHARD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 3 THE ORCHARD 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
2019 30 JAN	£399,950	£281,014	42% above HPI
2001 19 OCT	£175,000	£115,613	51% above HPI
1999 27 AUG	£130,000	£91,467	42% above HPI
1996 29 MAY	£90,000	£75,569	19% above HPI

3 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 four 3 THE ORCHARD sales between May 1996 and January 2019 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 October 2001 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the January 2019 sale, where it falls to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might 3 THE ORCHARD be worth now?

3 THE ORCHARD might now be worth an estimated £500,970.

This is based on house price inflation of 25.3%, between January 2019 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 25.3% inflationary increase is applied to the most recent sale price for 3 THE ORCHARD of £399,950 on 30th January 2019. For the value to have increased from £399,950 to £500,970 over the five years and eleven months to February 2025, the following assumptions must hold true:

• The value of 3 THE ORCHARD has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The January 2019 sale price of £399,950 represented a fair market value for the property.
• The size, condition, and specification of 3 THE ORCHARD has not materially changed since January 2019.

How Large is 3 THE ORCHARD?

3 THE ORCHARD is 158m² according to the EPC inspection conducted in May 2018. This puts it in the largest 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 3 THE ORCHARD lies on this distribution: 90% of detached houses houses are smaller than 3 THE ORCHARD, and 10% of houses are larger. Note that EPC data is not available for all properties in Balderton.

3 THE ORCHARD: Plot and Title Map

3 THE ORCHARD sits on a plot of roughly 0.338 of an acre, or 1,366m². The below map shows the location of 3 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 3 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 3 THE ORCHARD?

3 THE ORCHARD is located in NEWARK, in the NG24 postcode district. The below map shows the position of No. 3 on THE ORCHARD.