8, ORCHID CLOSE, NEW BALDERTON, NEWARK, NG24 3ET - £120,000

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 ORCHID CLOSE is a very small semi-detached house of 55m², built sometime between 1983 and 1990, which could now be worth an estimated £184,412. It was last sold for £120,000 in September 2014, which was around 10% below the average September 2014 semi-detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

8 ORCHID CLOSE Sold Prices

Land registry data shows two sales for 8 ORCHID CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 8 ORCHID CLOSE 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
2014 4 SEP	£120,000	£133,886	10% below HPI
2001 7 DEC	£47,000	£61,928	24% below HPI

8 ORCHID CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two 8 ORCHID CLOSE sales from December 2001 and September 2014 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 2001 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2014 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 8 ORCHID CLOSE be worth now?

8 ORCHID CLOSE might now be worth an estimated £184,412.

This is based on house price inflation of 53.7%, between September 2014 and February 2025, for semi-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 53.7% inflationary increase is applied to the most recent sale price for 8 ORCHID CLOSE of £120,000 on 4th September 2014. For the value to have increased from £120,000 to £184,412 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 ORCHID CLOSE has moved in line with the HPI for semi-detached houses in the Newark and Sherwood local authority area.
• The September 2014 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ORCHID CLOSE has not materially changed since September 2014.

How Large is 8 ORCHID CLOSE?

8 ORCHID CLOSE is 55m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 10% of semi-detached houses houses in Balderton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Balderton, and where 8 ORCHID CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 8 ORCHID CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Balderton.

8 ORCHID CLOSE: Plot and Title Map

8 ORCHID CLOSE sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 8 ORCHID CLOSE, 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 ORCHID CLOSE). 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 ORCHID CLOSE?

8 ORCHID CLOSE is located in NEW BALDERTON, in the NG24 postcode district. The below map shows the position of No. 8 on ORCHID CLOSE.