THE ORCHARD, GREAT NORTH ROAD, CROMWELL, NEWARK, NG23 6JE - £350,000

THE ORCHARD is a midsized detached house of 140m². It was last sold for £350,000 in March 2021, which was around 21% above the average March 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

THE ORCHARD Sold Prices

Land registry data shows two sales for THE ORCHARD 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 ORCHARD sales was for above the average price, whilst the other was 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
2021 9 MAR	£350,000	£289,565	21% above HPI
2017 8 DEC	£135,000	£262,749	49% below HPI

THE ORCHARD 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 ORCHARD sales from December 2017 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 2017 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the March 2021 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is THE ORCHARD?

THE ORCHARD is 140m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 50% of detached houses in Cromwell, based on EPC data. The below chart shows the distribution of detached houses by size in Cromwell, and where THE ORCHARD lies on this distribution: 48% of detached houses are smaller than THE ORCHARD, and 52% of houses are larger. Note that EPC data is not available for all properties in Cromwell.

THE ORCHARD: Plot and Title Map

THE ORCHARD sits on a plot of roughly 0.130 of an acre, or 527m². The below map shows the location of THE ORCHARD, 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 ORCHARD). 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 ORCHARD?

THE ORCHARD is located on GREAT NORTH ROAD in CROMWELL, in the NG23 postcode district. The below map shows the position of THE ORCHARD on GREAT NORTH ROAD.