12, ORCHID CLOSE, NEW BALDERTON, NEWARK, NG24 3ET - £162,061

12 ORCHID CLOSE is a very small detached house of 55m², built sometime between 1991 and 1995. It was last sold for £162,061 in June 2015, which was around 26% below the average June 2015 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

12 ORCHID CLOSE Sold Prices

Land registry data shows two sales for 12 ORCHID CLOSE 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. Both of the two 12 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
2015 29 JUN	£162,061	£219,537	26% below HPI
1997 31 JUL	£60,000	£79,172	24% below HPI

12 ORCHID CLOSE 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 12 ORCHID CLOSE sales from July 1997 and June 2015 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 July 1997 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2015 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 12 ORCHID CLOSE?

12 ORCHID CLOSE is 55m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of detached houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses by size in Balderton, and where 12 ORCHID CLOSE lies on this distribution: 3% of detached houses are smaller than 12 ORCHID CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Balderton.

12 ORCHID CLOSE: Plot and Title Map

12 ORCHID CLOSE sits on a plot of roughly 0.130 of an acre, or 527m². The below map shows the location of 12 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 12 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 12 ORCHID CLOSE?

12 ORCHID CLOSE is located in NEW BALDERTON, in the NG24 postcode district. The below map shows the position of No. 12 on ORCHID CLOSE.