BEECH COTTAGE, CHURCH LANE, AVERHAM, NEWARK, NG23 5RB - £465,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

BEECH COTTAGE is a midsized extended detached house of 130m², built sometime between 1930 and 1949. It was last sold for £465,000 in August 2019, which was around 72% above the average August 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

BEECH COTTAGE Sold Prices

Land registry data shows three sales for BEECH COTTAGE 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. All of the three BEECH COTTAGE sales were 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
2019 19 AUG	£465,000	£269,732	72% above HPI
2006 24 MAR	£323,000	£199,901	62% above HPI
2003 21 OCT	£260,000	£169,431	53% above HPI

BEECH 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 three BEECH COTTAGE sales between October 2003 and August 2019 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 March 2006 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the August 2019 sale, where it rises to 72% above the HPI. The line then continues to track at 72% above the HPI.

How Large is BEECH COTTAGE?

BEECH COTTAGE is 130m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the smallest 50% of detached houses in Averham, based on EPC data. The below chart shows the distribution of detached houses by size in Averham, and where BEECH COTTAGE lies on this distribution: 41% of detached houses are smaller than BEECH COTTAGE, and 59% of houses are larger. Note that EPC data is not available for all properties in Averham.

BEECH COTTAGE: Plot and Title Map

BEECH COTTAGE sits on a plot of roughly 0.407 of an acre, or 1,648m². The below map shows the location of BEECH 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 BEECH 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 BEECH COTTAGE?

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