24, CHEYNE DRIVE, BILSTHORPE, NEWARK, NG22 8SB - £301,000

24 CHEYNE DRIVE is a large detached house of 129m², built sometime between 1950 and 1966. It was last sold for £301,000 in August 2023, which was around 12% below the average August 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

24 CHEYNE DRIVE Sold Prices

Land registry data shows four sales for 24 CHEYNE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 24 CHEYNE DRIVE 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
2023 29 AUG	£301,000	£340,583	12% below HPI
2002 16 AUG	£94,000	£139,971	33% below HPI
1998 14 AUG	£48,000	£84,141	43% below HPI
1996 12 JUL	£53,500	£75,635	29% below HPI

24 CHEYNE DRIVE 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 four 24 CHEYNE DRIVE sales between July 1996 and August 2023 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 2002 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2023 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 24 CHEYNE DRIVE?

24 CHEYNE DRIVE is 129m² according to the EPC inspection conducted in March 2023. This puts it in the largest 20% of detached houses in Bilsthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Bilsthorpe, and where 24 CHEYNE DRIVE lies on this distribution: 80% of detached houses are smaller than 24 CHEYNE DRIVE, and 20% of houses are larger. Note that EPC data is not available for all properties in Bilsthorpe.

24 CHEYNE DRIVE: Plot and Title Map

24 CHEYNE DRIVE sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 24 CHEYNE DRIVE, 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 24 CHEYNE DRIVE). 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 24 CHEYNE DRIVE?

24 CHEYNE DRIVE is located in BILSTHORPE, in the NG22 postcode district. The below map shows the position of No. 24 on CHEYNE DRIVE.