8, HONING DRIVE, SOUTHWELL, NG25 0LB - £270,000

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.

8 HONING DRIVE is a small extended detached house of 100m², built sometime between 1967 and 1975, which could now be worth an estimated £340,680. It was last sold for £270,000 in July 2019, which was around 3% below the average July 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2024, where the current energy rating was D, and the potential energy rating was C.

8 HONING DRIVE Sold Prices

Land registry data shows two sales for 8 HONING 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. One of the two 8 HONING DRIVE sales was for below the average price, whilst the other was roughly equal to 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 12 JUL	£270,000	£278,966	3% below HPI
1998 29 JAN	£79,000	£79,343	Close to HPI

8 HONING 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 8 HONING DRIVE sales from January 1998 and July 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 January 1998 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2019 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 8 HONING DRIVE be worth now?

8 HONING DRIVE might now be worth an estimated £340,680.

This is based on house price inflation of 26.2%, between July 2019 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 26.2% inflationary increase is applied to the most recent sale price for 8 HONING DRIVE of £270,000 on 12th July 2019. For the value to have increased from £270,000 to £340,680 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 8 HONING DRIVE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The July 2019 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HONING DRIVE has not materially changed since July 2019.

How Large is 8 HONING DRIVE?

8 HONING DRIVE is 100m², which includes one extension, according to the EPC inspection conducted in September 2024. This puts it in the smallest 40% of detached houses houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwell, and where 8 HONING DRIVE lies on this distribution: 32% of detached houses houses are smaller than 8 HONING DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Southwell.

8 HONING DRIVE: Plot and Title Map

8 HONING DRIVE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 8 HONING 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 8 HONING 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 8 HONING DRIVE?

8 HONING DRIVE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 8 on HONING DRIVE.