34, ORCHID DRIVE, FARNDON, NEWARK, NG24 3TX - £230,000

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.

34 ORCHID DRIVE is a large detached house of 114m², built sometime between 1991 and 1995, which could now be worth an estimated £295,981. It was last sold for £230,000 in December 2017, which was around 16% below the average December 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2009, where the current energy rating was C, and the potential energy rating was C.

34 ORCHID DRIVE Sold Prices

Land registry data shows two sales for 34 ORCHID 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 34 ORCHID 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
2017 15 DEC	£230,000	£273,526	16% below HPI
2009 29 OCT	£185,000	£210,949	12% below HPI

34 ORCHID 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 34 ORCHID DRIVE sales from October 2009 and December 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 October 2009 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the December 2017 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 34 ORCHID DRIVE be worth now?

34 ORCHID DRIVE might now be worth an estimated £295,981.

This is based on house price inflation of 28.7%, between December 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 28.7% inflationary increase is applied to the most recent sale price for 34 ORCHID DRIVE of £230,000 on 15th December 2017. For the value to have increased from £230,000 to £295,981 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of 34 ORCHID DRIVE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The December 2017 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 34 ORCHID DRIVE has not materially changed since December 2017.

How Large is 34 ORCHID DRIVE?

34 ORCHID DRIVE is 114m² according to the EPC inspection conducted in June 2009. This puts it in the largest 40% of detached houses houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farndon, and where 34 ORCHID DRIVE lies on this distribution: 64% of detached houses houses are smaller than 34 ORCHID DRIVE, and 36% of houses are larger. Note that EPC data is not available for all properties in Farndon.

34 ORCHID DRIVE: Plot and Title Map

34 ORCHID DRIVE sits on a plot of roughly 0.136 of an acre, or 550m². The below map shows the location of 34 ORCHID 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 34 ORCHID 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 34 ORCHID DRIVE?

34 ORCHID DRIVE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 34 on ORCHID DRIVE.