5, ORCHID DRIVE, FARNDON, NEWARK, NG24 3TX - £137,500

5 ORCHID DRIVE is a large detached house of 116m², built sometime between 1991 and 1995. It was last sold for £137,500 in March 2003, which was around 9% below the average March 2003 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

5 ORCHID DRIVE Sold Prices

Land registry data shows two sales for 5 ORCHID 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 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
2003 4 MAR	£137,500	£150,729	9% below HPI
2001 6 APR	£86,000	£98,180	12% below HPI

5 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 two 5 ORCHID DRIVE sales from April 2001 and March 2003 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 April 2001 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2003 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 5 ORCHID DRIVE?

5 ORCHID DRIVE is 116m² according to the EPC inspection conducted in August 2015. 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 5 ORCHID DRIVE lies on this distribution: 65% of detached houses are smaller than 5 ORCHID DRIVE, and 35% of houses are larger. Note that EPC data is not available for all properties in Farndon.

5 ORCHID DRIVE: Plot and Title Map

5 ORCHID DRIVE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 5 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 5 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 5 ORCHID DRIVE?

5 ORCHID DRIVE is located in FARNDON, in the NG24 postcode district. The below map shows the position of No. 5 on ORCHID DRIVE.