AVERHAM COTTAGE, CHURCH LANE, AVERHAM, NEWARK, NG23 5RB - £96,000

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.

AVERHAM COTTAGE is a midsized detached house of 138m², built sometime between 1996 and 2002, which could now be worth an estimated £438,518. It was last sold for £96,000 in February 1997, which was around 25% above the average February 1997 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was C.

AVERHAM COTTAGE Sold Prices

Land registry data shows two sales for AVERHAM COTTAGE 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 AVERHAM COTTAGE sales was for above the average price, whilst the other was 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
1997 4 FEB	£96,000	£77,058	25% above HPI
1995 3 MAY	£21,500	£74,342	71% below HPI

AVERHAM 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 two AVERHAM COTTAGE sales from May 1995 and February 1997 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 May 1995 sale was for 71% below the HPI. So the extrapolation line tracks at 71% below the HPI over time, until the February 1997 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might AVERHAM COTTAGE be worth now?

AVERHAM COTTAGE might now be worth an estimated £438,518.

This is based on house price inflation of 356.8%, between February 1997 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 356.8% inflationary increase is applied to the most recent sale price for AVERHAM COTTAGE of £96,000 on 4th February 1997. For the value to have increased from £96,000 to £438,518 over the 28 years to February 2025, the following assumptions must hold true:

• The value of AVERHAM COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 1997 sale price of £96,000 represented a fair market value for the property.
• The size, condition, and specification of AVERHAM COTTAGE has not materially changed since February 1997.

How Large is AVERHAM COTTAGE?

AVERHAM COTTAGE is 138m² according to the EPC inspection conducted in May 2012. This puts it in the largest 50% of detached houses houses in Averham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Averham, and where AVERHAM COTTAGE lies on this distribution: 50% of detached houses houses are smaller than AVERHAM COTTAGE, and 47% of houses are larger. Note that EPC data is not available for all properties in Averham.

AVERHAM COTTAGE: Plot and Title Map

AVERHAM COTTAGE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of AVERHAM 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 AVERHAM 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 AVERHAM COTTAGE?

AVERHAM COTTAGE is located on CHURCH LANE in AVERHAM, in the NG23 postcode district. The below map shows the position of AVERHAM COTTAGE on CHURCH LANE.