5, CREMORNE DRIVE, BILSTHORPE, NEWARK, NG22 8UR - £220,000

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

5 CREMORNE DRIVE is a midsized detached house of 109m², built sometime between 2003 and 2006. It was last sold for £220,000 in September 2019, which was around 20% below the average September 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

5 CREMORNE DRIVE Sold Prices

Land registry data shows two sales for 5 CREMORNE 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 5 CREMORNE 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
2019 16 SEP	£220,000	£273,716	20% below HPI
2006 8 DEC	£172,000	£211,882	19% below HPI

5 CREMORNE 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 5 CREMORNE DRIVE sales from December 2006 and September 2019 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 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2019 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 5 CREMORNE DRIVE?

5 CREMORNE DRIVE is 109m² according to the EPC inspection conducted in June 2019. This puts it in the largest 40% of detached houses in Bilsthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Bilsthorpe, and where 5 CREMORNE DRIVE lies on this distribution: 59% of detached houses are smaller than 5 CREMORNE DRIVE, and 40% of houses are larger. Note that EPC data is not available for all properties in Bilsthorpe.

5 CREMORNE DRIVE: Plot and Title Map

5 CREMORNE DRIVE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 5 CREMORNE 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 5 CREMORNE 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 5 CREMORNE DRIVE?

5 CREMORNE DRIVE is located in BILSTHORPE, in the NG22 postcode district. The below map shows the position of No. 5 on CREMORNE DRIVE.