THE BUNGALOW, NORWELL LANE, CROMWELL, NEWARK, NG23 6JQ - £100,000

THE BUNGALOW is a midsized extended detached house of 131m², built sometime between 1950 and 1966. It was last sold for £100,000 in March 2009, which was around 50% below the average March 2009 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2009, where the current energy rating was D, and the potential energy rating was D.

THE BUNGALOW Sold Prices

Land registry data shows two sales for THE BUNGALOW 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. One of the two THE BUNGALOW sales was for below the average price, whilst the other was for above 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
2009 20 MAR	£100,000	£199,992	50% below HPI
1996 18 OCT	£89,000	£73,907	20% above HPI

THE BUNGALOW 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 THE BUNGALOW sales from October 1996 and March 2009 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 October 1996 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the March 2009 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is THE BUNGALOW?

THE BUNGALOW is 131m², which includes one extension, according to the EPC inspection conducted in February 2009. This puts it in the smallest 50% of detached houses in Cromwell, based on EPC data. The below chart shows the distribution of detached houses by size in Cromwell, and where THE BUNGALOW lies on this distribution: 44% of detached houses are smaller than THE BUNGALOW, and 56% of houses are larger. Note that EPC data is not available for all properties in Cromwell.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 0.262 of an acre, or 1,060m². The below map shows the location of THE BUNGALOW, 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 THE BUNGALOW). 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 THE BUNGALOW?

THE BUNGALOW is located on NORWELL LANE in CROMWELL, in the NG23 postcode district. The below map shows the position of THE BUNGALOW on NORWELL LANE.