2, HOLLY COTTAGE, GREAT NORTH ROAD, CROMWELL, NEWARK, NG23 6JE - £262,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 HOLLY COTTAGE is a small detached house of 115m², built sometime between 1996 and 2002, which could now be worth an estimated £298,807. It was last sold for £262,500 in August 2021, which was around 15% below the average August 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was C.

2 HOLLY COTTAGE Sold Prices

Land registry data shows four sales for 2 HOLLY COTTAGE 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 2 HOLLY COTTAGE 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
2021 20 AUG	£262,500	£309,224	15% below HPI
2018 15 JUN	£245,000	£269,725	9% below HPI
2003 17 SEP	£145,000	£175,562	17% below HPI
1997 7 OCT	£73,500	£82,724	11% below HPI

2 HOLLY COTTAGE 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 2 HOLLY COTTAGE sales between October 1997 and August 2021 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 June 2018 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2021 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 2 HOLLY COTTAGE be worth now?

2 HOLLY COTTAGE might now be worth an estimated £298,807.

This is based on house price inflation of 13.8%, between August 2021 and February 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.8% inflationary increase is applied to the most recent sale price for 2 HOLLY COTTAGE of £262,500 on 20th August 2021. For the value to have increased from £262,500 to £298,807 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 2 HOLLY COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2021 sale price of £262,500 represented a fair market value for the property.
• The size, condition, and specification of 2 HOLLY COTTAGE has not materially changed since August 2021.

How Large is 2 HOLLY COTTAGE?

2 HOLLY COTTAGE is 115m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 40% of detached houses houses in Cromwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cromwell, and where 2 HOLLY COTTAGE lies on this distribution: 38% of detached houses houses are smaller than 2 HOLLY COTTAGE, and 62% of houses are larger. Note that EPC data is not available for all properties in Cromwell.

2 HOLLY COTTAGE: Plot and Title Map

2 HOLLY COTTAGE sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 2 HOLLY COTTAGE, 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 2 HOLLY COTTAGE). 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 2 HOLLY COTTAGE?

2 HOLLY COTTAGE is located on GREAT NORTH ROAD in CROMWELL, in the NG23 postcode district. The below map shows the position of 2 HOLLY COTTAGE on GREAT NORTH ROAD.