ORCHARD LEA, NEWLANDS ROAD, FOREST TOWN, MANSFIELD, NG19 0HX - £550,000

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.

ORCHARD LEA is a very large extended detached house of 219m², built sometime between 1950 and 1966, which could now be worth an estimated £654,890. It was last sold for £550,000 in March 2021, which was around 146% above the average March 2021 detached price in the Mansfield local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

ORCHARD LEA Sold Prices

Land registry data shows three sales for ORCHARD LEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mansfield local authority area for the corresponding sale date. All of the three ORCHARD LEA sales were for above 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
2021 12 MAR	£550,000	£223,786	146% above HPI
2014 12 DEC	£300,000	£163,717	83% above HPI
1998 11 MAY	£130,000	£58,422	123% above HPI

ORCHARD LEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mansfield local authority area over time, sourced from the HPI. The three ORCHARD LEA sales between May 1998 and March 2021 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 2014 sale was for 83% above the HPI. So the extrapolation line tracks at 83% above the HPI over time, until the March 2021 sale, where it rises to 146% above the HPI. The line then continues to track at 146% above the HPI.

What might ORCHARD LEA be worth now?

ORCHARD LEA might now be worth an estimated £654,890.

This is based on house price inflation of 19.1%, between March 2021 and February 2025, for detached houses, in the Mansfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.1% inflationary increase is applied to the most recent sale price for ORCHARD LEA of £550,000 on 12th March 2021. For the value to have increased from £550,000 to £654,890 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of ORCHARD LEA has moved in line with the HPI for detached houses in the Mansfield local authority area.
• The March 2021 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of ORCHARD LEA has not materially changed since March 2021.

How Large is ORCHARD LEA?

ORCHARD LEA is 219m², which includes three extensions, according to the EPC inspection conducted in February 2015. This puts it in the largest 10% of detached houses houses in Forest Town, based on EPC data. The below chart shows the distribution of detached houses houses by size in Forest Town, and where ORCHARD LEA lies on this distribution: 99% of detached houses houses are smaller than ORCHARD LEA, and 1% of houses are larger. Note that EPC data is not available for all properties in Forest Town.

ORCHARD LEA: Plot and Title Map

ORCHARD LEA sits on a plot of roughly 0.281 of an acre, or 1,136m². The below map shows the location of ORCHARD LEA, 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 ORCHARD LEA). 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 ORCHARD LEA?

ORCHARD LEA is located on NEWLANDS ROAD in FOREST TOWN, in the NG19 postcode district. The below map shows the position of ORCHARD LEA on NEWLANDS ROAD.