THE BUNGALOW, NORWELL LANE, CROMWELL, NEWARK, NG23 6JQ - £100,000

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.

THE BUNGALOW is a midsized extended detached house of 131m², built sometime between 1950 and 1966, which could now be worth an estimated £169,068. It was last sold for £100,000 in March 2009, which was around 52% below the average March 2009 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2009, where the current energy rating was D, and the potential energy rating was D.

THE BUNGALOW Sold Prices

Land registry data shows two sales for THE BUNGALOW 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 THE BUNGALOW sales was for below the average price, whilst the other was 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
2009 20 MAR	£100,000	£208,196	52% below HPI
1996 18 OCT	£89,000	£76,938	16% above HPI

THE BUNGALOW 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 THE BUNGALOW sales from October 1996 and March 2009 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 October 1996 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the March 2009 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

What might THE BUNGALOW be worth now?

THE BUNGALOW might now be worth an estimated £169,068.

This is based on house price inflation of 69.1%, between March 2009 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 69.1% inflationary increase is applied to the most recent sale price for THE BUNGALOW of £100,000 on 20th March 2009. For the value to have increased from £100,000 to £169,068 over the sixteen years and one month to February 2025, the following assumptions must hold true:

• The value of THE BUNGALOW has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2009 sale price of £100,000 represented a fair market value for the property.
• The size, condition, and specification of THE BUNGALOW has not materially changed since March 2009.

How Large is THE BUNGALOW?

THE BUNGALOW is 131m², which includes one extension, according to the EPC inspection conducted in February 2009. This puts it in the smallest 50% of detached houses houses in Cromwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cromwell, and where THE BUNGALOW lies on this distribution: 42% of detached houses houses are smaller than THE BUNGALOW, and 58% of houses are larger. Note that EPC data is not available for all properties in Cromwell.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 1,645.4 acres, or 6,658,882m². The below map shows the location of THE BUNGALOW, 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 THE BUNGALOW). 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 THE BUNGALOW?

THE BUNGALOW is located on NORWELL LANE in CROMWELL, in the NG23 postcode district. The below map shows the position of THE BUNGALOW on NORWELL LANE.