42, ORCHID DRIVE, FARNDON, NEWARK, NG24 3TX - £75,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

42 ORCHID DRIVE is a midsized detached house of 108m², built sometime between 1983 and 1990. It was last sold for £75,000 in December 1999, which was around 16% below the average December 1999 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

42 ORCHID DRIVE Sold Prices

Land registry data shows two sales for 42 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 42 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
1999 22 DEC	£75,000	£89,690	16% below HPI
1998 14 AUG	£74,000	£84,141	12% below HPI

42 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 42 ORCHID DRIVE sales from August 1998 and December 1999 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 August 1998 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the December 1999 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 42 ORCHID DRIVE?

42 ORCHID DRIVE is 108m² according to the EPC inspection conducted in August 2015. This puts it in the largest 50% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 42 ORCHID DRIVE lies on this distribution: 58% of detached houses are smaller than 42 ORCHID DRIVE, and 42% of houses are larger. Note that EPC data is not available for all properties in Farndon.

42 ORCHID DRIVE: Plot and Title Map

42 ORCHID DRIVE sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 42 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 42 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 42 ORCHID DRIVE?

42 ORCHID DRIVE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 42 on ORCHID DRIVE.