31, COTTAGE CLOSE, BALDERTON, NEWARK, NG24 3GU - £255,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

31 COTTAGE CLOSE is a large detached house of 123m², built sometime between 1996 and 2002, which could now be worth an estimated £360,925. It was last sold for £255,000 in April 2017, which was around 1% above the average April 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

31 COTTAGE CLOSE Sold Prices

Land registry data shows three sales for 31 COTTAGE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. One of the three 31 COTTAGE CLOSE sales was for above the average price, whilst two 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
2017 5 APR	£255,000	£253,660	1% above HPI
2013 26 JUL	£194,000	£219,121	11% below HPI
2004 17 SEP	£185,450	£199,942	7% below HPI

31 COTTAGE CLOSE 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 three 31 COTTAGE CLOSE sales between September 2004 and April 2017 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 July 2013 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the April 2017 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 31 COTTAGE CLOSE be worth now?

31 COTTAGE CLOSE might now be worth an estimated £360,925.

This is based on house price inflation of 41.5%, between April 2017 and December 2024, 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 41.5% inflationary increase is applied to the most recent sale price for 31 COTTAGE CLOSE of £255,000 on 5th April 2017. For the value to have increased from £255,000 to £360,925 over the six years and four months to December 2024, the following assumptions must hold true:

• The value of 31 COTTAGE CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The April 2017 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 31 COTTAGE CLOSE has not materially changed since April 2017.

How Large is 31 COTTAGE CLOSE?

31 COTTAGE CLOSE is 123m² according to the EPC inspection conducted in July 2012. This puts it in the largest 30% of detached houses houses in Balderton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Balderton, and where 31 COTTAGE CLOSE lies on this distribution: 77% of detached houses houses are smaller than 31 COTTAGE CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Balderton.

31 COTTAGE CLOSE: Plot and Title Map

31 COTTAGE CLOSE sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of 31 COTTAGE CLOSE, 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 31 COTTAGE CLOSE). 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 31 COTTAGE CLOSE?

31 COTTAGE CLOSE is located in BALDERTON, in the NG24 postcode district. The below map shows the position of No. 31 on COTTAGE CLOSE.