41, ORCHID DRIVE, FARNDON, NEWARK, NG24 3TX - £183,000

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.

41 ORCHID DRIVE is a large detached house of 112m², built sometime between 1983 and 1990, which could now be worth an estimated £248,657. It was last sold for £183,000 in September 2016, which was around 29% below the average September 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

41 ORCHID DRIVE Sold Prices

Land registry data shows five sales for 41 ORCHID DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the five 41 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
2016 23 SEP	£183,000	£259,050	29% below HPI
2010 15 DEC	£138,000	£221,207	38% below HPI
2005 30 SEP	£141,950	£215,793	34% below HPI
2000 2 OCT	£75,000	£104,651	28% below HPI
1998 29 JUL	£64,000	£86,085	26% below HPI

41 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 five 41 ORCHID DRIVE sales between July 1998 and September 2016 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 2010 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the September 2016 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 41 ORCHID DRIVE be worth now?

41 ORCHID DRIVE might now be worth an estimated £248,657.

This is based on house price inflation of 35.9%, between September 2016 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 35.9% inflationary increase is applied to the most recent sale price for 41 ORCHID DRIVE of £183,000 on 23rd September 2016. For the value to have increased from £183,000 to £248,657 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 41 ORCHID DRIVE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2016 sale price of £183,000 represented a fair market value for the property.
• The size, condition, and specification of 41 ORCHID DRIVE has not materially changed since September 2016.

How Large is 41 ORCHID DRIVE?

41 ORCHID DRIVE is 112m² according to the EPC inspection conducted in May 2010. 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 41 ORCHID DRIVE lies on this distribution: 62% of detached houses houses are smaller than 41 ORCHID DRIVE, and 38% of houses are larger. Note that EPC data is not available for all properties in Farndon.

41 ORCHID DRIVE: Plot and Title Map

41 ORCHID DRIVE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 41 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 41 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 41 ORCHID DRIVE?

41 ORCHID DRIVE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 41 on ORCHID DRIVE.