41, ORCHID DRIVE, FARNDON, NEWARK, NG24 3TX - £183,000

41 ORCHID DRIVE is a large detached house of 112m², built sometime between 1983 and 1990. It was last sold for £183,000 in September 2016, which was around 26% below the average September 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

41 ORCHID DRIVE Sold Prices

Land registry data shows five sales for 41 ORCHID DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the five 41 ORCHID 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
2016 23 SEP	£183,000	£248,843	26% below HPI
2010 15 DEC	£138,000	£212,491	35% below HPI
2005 30 SEP	£141,950	£207,291	32% below HPI
2000 2 OCT	£75,000	£100,527	25% below HPI
1998 29 JUL	£64,000	£82,693	23% below HPI

41 ORCHID 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 five 41 ORCHID DRIVE sales between July 1998 and September 2016 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 2010 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the September 2016 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 41 ORCHID DRIVE?

41 ORCHID DRIVE is 112m² according to the EPC inspection conducted in May 2010. This puts it in the largest 40% of detached houses in Farndon, based on EPC data. The below chart shows the distribution of detached houses by size in Farndon, and where 41 ORCHID DRIVE lies on this distribution: 60% of detached houses are smaller than 41 ORCHID DRIVE, and 40% of houses are larger. Note that EPC data is not available for all properties in Farndon.

41 ORCHID DRIVE: Plot and Title Map

41 ORCHID DRIVE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 41 ORCHID 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 41 ORCHID 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 41 ORCHID DRIVE?

41 ORCHID DRIVE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 41 on ORCHID DRIVE.