5, OAKTREE DRIVE, BILSTHORPE, NEWARK, NG22 8SL - £205,000

5 OAKTREE DRIVE is a very small detached house of 68m², built sometime between 1950 and 1966. It was last sold for £205,000 in December 2020, which was around 30% below the average December 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2020, where the current energy rating was D, and the potential energy rating was B.

5 OAKTREE DRIVE Sold Prices

Land registry data shows two sales for 5 OAKTREE DRIVE 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 5 OAKTREE 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
2020 17 DEC	£205,000	£291,032	30% below HPI
1995 31 MAR	£59,000	£68,531	14% below HPI

5 OAKTREE 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 two 5 OAKTREE DRIVE sales from March 1995 and December 2020 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 March 1995 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the December 2020 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 5 OAKTREE DRIVE?

5 OAKTREE DRIVE is 68m² according to the EPC inspection conducted in April 2020. This puts it in the smallest 10% of detached houses in Bilsthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Bilsthorpe, and where 5 OAKTREE DRIVE lies on this distribution: 8% of detached houses are smaller than 5 OAKTREE DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Bilsthorpe.

5 OAKTREE DRIVE: Plot and Title Map

5 OAKTREE DRIVE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 5 OAKTREE 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 5 OAKTREE 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 5 OAKTREE DRIVE?

5 OAKTREE DRIVE is located in BILSTHORPE, in the NG22 postcode district. The below map shows the position of No. 5 on OAKTREE DRIVE.