THE ORCHARDS, MARK LANE, EAST MARKHAM, NEWARK, NG22 0QU - £252,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE ORCHARDS is a small detached house of 132m², built sometime between 1983 and 1990. It was last sold for £252,000 in December 2017, which was around 14% above the average December 2017 detached price in the Bassetlaw local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was E.

THE ORCHARDS Sold Prices

Land registry data shows two sales for THE ORCHARDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. Both of the two THE ORCHARDS 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
2017 1 DEC	£252,000	£221,764	14% above HPI
1998 28 AUG	£119,000	£69,826	70% above HPI

THE ORCHARDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The two THE ORCHARDS sales from August 1998 and December 2017 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 August 1998 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the December 2017 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is THE ORCHARDS?

THE ORCHARDS is 132m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 30% of detached houses in East Markham, based on EPC data. The below chart shows the distribution of detached houses by size in East Markham, and where THE ORCHARDS lies on this distribution: 27% of detached houses are smaller than THE ORCHARDS, and 73% of houses are larger. Note that EPC data is not available for all properties in East Markham.

THE ORCHARDS: Plot and Title Map

THE ORCHARDS sits on a plot of roughly 0.205 of an acre, or 829m². The below map shows the location of THE ORCHARDS, 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 ORCHARDS). 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 ORCHARDS?

THE ORCHARDS is located on MARK LANE in EAST MARKHAM, in the NG22 postcode district. The below map shows the position of THE ORCHARDS on MARK LANE.