7, CREMORNE DRIVE, BILSTHORPE, NEWARK, NG22 8UR - £207,000

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.

7 CREMORNE DRIVE is a midsized detached house of 109m², built sometime between 1996 and 2002, which could now be worth an estimated £278,253. It was last sold for £207,000 in August 2017, which was around 22% below the average August 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

7 CREMORNE DRIVE Sold Prices

Land registry data shows two sales for 7 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 7 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
2017 4 AUG	£207,000	£264,167	22% below HPI
2012 30 MAR	£160,000	£213,105	25% below HPI

7 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 7 CREMORNE DRIVE sales from March 2012 and August 2017 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 2012 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2017 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 7 CREMORNE DRIVE be worth now?

7 CREMORNE DRIVE might now be worth an estimated £278,253.

This is based on house price inflation of 34.4%, between August 2017 and March 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 34.4% inflationary increase is applied to the most recent sale price for 7 CREMORNE DRIVE of £207,000 on 4th August 2017. For the value to have increased from £207,000 to £278,253 over the eight years and five months to March 2025, the following assumptions must hold true:

• The value of 7 CREMORNE DRIVE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2017 sale price of £207,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CREMORNE DRIVE has not materially changed since August 2017.

How Large is 7 CREMORNE DRIVE?

7 CREMORNE DRIVE is 109m² according to the EPC inspection conducted in June 2017. This puts it in the largest 50% 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 7 CREMORNE DRIVE lies on this distribution: 57% of detached houses houses are smaller than 7 CREMORNE DRIVE, and 42% of houses are larger. Note that EPC data is not available for all properties in Bilsthorpe.

7 CREMORNE DRIVE: Plot and Title Map

7 CREMORNE DRIVE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 7 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 7 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 7 CREMORNE DRIVE?

7 CREMORNE DRIVE is located in BILSTHORPE, in the NG22 postcode district. The below map shows the position of No. 7 on CREMORNE DRIVE.