38, MODEL LANE, CRESWELL, WORKSOP, S80 4BZ - £195,000

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.

38 MODEL LANE is a very small detached house of 75m², which could now be worth an estimated £204,986. It was last sold for £195,000 in May 2023, which was around 20% below the average May 2023 detached price in the Bolsover local authority area. The most recent EPC inspection was December 2020, where the current energy rating was B, and the potential energy rating was A.

38 MODEL LANE Sold Prices

Land registry data shows two sales for 38 MODEL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bolsover local authority area for the corresponding sale date. Both of the two 38 MODEL LANE 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
2023 23 MAY	£195,000	£245,267	20% below HPI
2020 18 DEC	£163,995	£202,092	19% below HPI

38 MODEL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bolsover local authority area over time, sourced from the HPI. The two 38 MODEL LANE sales from December 2020 and May 2023 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 December 2020 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2023 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 38 MODEL LANE be worth now?

38 MODEL LANE might now be worth an estimated £204,986.

This is based on house price inflation of 5.1%, between May 2023 and February 2025, for detached houses, in the Bolsover local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.1% inflationary increase is applied to the most recent sale price for 38 MODEL LANE of £195,000 on 23rd May 2023. For the value to have increased from £195,000 to £204,986 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 38 MODEL LANE has moved in line with the HPI for detached houses in the Bolsover local authority area.
• The May 2023 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 38 MODEL LANE has not materially changed since May 2023.

How Large is 38 MODEL LANE?

38 MODEL LANE is 75m² according to the EPC inspection conducted in December 2020. This puts it in the smallest 20% of detached houses houses in Creswell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Creswell, and where 38 MODEL LANE lies on this distribution: 19% of detached houses houses are smaller than 38 MODEL LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Creswell.

38 MODEL LANE: Plot and Title Map

38 MODEL LANE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 38 MODEL LANE, 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 38 MODEL LANE). 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 38 MODEL LANE?

38 MODEL LANE is located in CRESWELL, in the S80 postcode district. The below map shows the position of No. 38 on MODEL LANE.