7, ORCHID DRIVE, FARNDON, NEWARK, NG24 3TX - £205,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 ORCHID DRIVE is a small detached house of 88m², built sometime between 1991 and 1995. It was last sold for £205,000 in August 2019, which was around 24% below the average August 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was C.

7 ORCHID DRIVE Sold Prices

Land registry data shows three sales for 7 ORCHID DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 7 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
2019 23 AUG	£205,000	£269,732	24% below HPI
2011 21 JUN	£155,000	£211,027	27% below HPI
2004 17 DEC	£167,000	£200,800	17% below HPI

7 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 three 7 ORCHID DRIVE sales between December 2004 and August 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 June 2011 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the August 2019 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 7 ORCHID DRIVE?

7 ORCHID DRIVE is 88m² according to the EPC inspection conducted in August 2010. This puts it in the smallest 40% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 7 ORCHID DRIVE lies on this distribution: 31% of detached houses are smaller than 7 ORCHID DRIVE, and 69% of houses are larger. Note that EPC data is not available for all properties in Farndon.

7 ORCHID DRIVE: Plot and Title Map

7 ORCHID DRIVE sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of 7 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 7 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 7 ORCHID DRIVE?

7 ORCHID DRIVE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 7 on ORCHID DRIVE.