5, OAKTREE DRIVE, BILSTHORPE, NEWARK, NG22 8SL - £205,000

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.

5 OAKTREE DRIVE is a very small detached house of 68m², built sometime between 1950 and 1966, which could now be worth an estimated £238,171. It was last sold for £205,000 in December 2020, which was around 32% below the average December 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2020, where the current energy rating was D, and the potential energy rating was B.

5 OAKTREE DRIVE Sold Prices

Land registry data shows two sales for 5 OAKTREE 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 OAKTREE 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
2020 17 DEC	£205,000	£302,969	32% below HPI
1995 31 MAR	£59,000	£71,342	17% below HPI

5 OAKTREE 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 OAKTREE DRIVE sales from March 1995 and December 2020 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 March 1995 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2020 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 5 OAKTREE DRIVE be worth now?

5 OAKTREE DRIVE might now be worth an estimated £238,171.

This is based on house price inflation of 16.2%, between December 2020 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 16.2% inflationary increase is applied to the most recent sale price for 5 OAKTREE DRIVE of £205,000 on 17th December 2020. For the value to have increased from £205,000 to £238,171 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 5 OAKTREE DRIVE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The December 2020 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 5 OAKTREE DRIVE has not materially changed since December 2020.

How Large is 5 OAKTREE DRIVE?

5 OAKTREE DRIVE is 68m² according to the EPC inspection conducted in April 2020. This puts it in the smallest 10% of detached houses houses in Bilsthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bilsthorpe, and where 5 OAKTREE DRIVE lies on this distribution: 7% of detached houses houses are smaller than 5 OAKTREE DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Bilsthorpe.

5 OAKTREE DRIVE: Plot and Title Map

5 OAKTREE DRIVE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 5 OAKTREE 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 OAKTREE 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 OAKTREE DRIVE?

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