40, MODEL LANE, CRESWELL, WORKSOP, S80 4BZ - £215,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

40 MODEL LANE is a very small detached house of 72m², which could now be worth an estimated £229,228. It was last sold for £215,000 in September 2022, which was around 11% below the average September 2022 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.

40 MODEL LANE Sold Prices

Land registry data shows two sales for 40 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 40 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
2022 16 SEP	£215,000	£241,824	11% below HPI
2021 28 APR	£174,995	£213,348	18% below HPI

40 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 40 MODEL LANE sales from April 2021 and September 2022 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 April 2021 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2022 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 40 MODEL LANE be worth now?

40 MODEL LANE might now be worth an estimated £229,228.

This is based on house price inflation of 6.6%, between September 2022 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 6.6% inflationary increase is applied to the most recent sale price for 40 MODEL LANE of £215,000 on 16th September 2022. For the value to have increased from £215,000 to £229,228 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 40 MODEL LANE has moved in line with the HPI for detached houses in the Bolsover local authority area.
• The September 2022 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 40 MODEL LANE has not materially changed since September 2022.

How Large is 40 MODEL LANE?

40 MODEL LANE is 72m² 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 40 MODEL LANE lies on this distribution: 15% of detached houses houses are smaller than 40 MODEL LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Creswell.

40 MODEL LANE: Plot and Title Map

40 MODEL LANE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 40 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 40 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 40 MODEL LANE?

40 MODEL LANE is located in CRESWELL, in the S80 postcode district. The below map shows the position of No. 40 on MODEL LANE.