CEDAR TREE COTTAGE, MAIN ROAD, BESTHORPE, NEWARK, NG23 7HR - £270,000

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

CEDAR TREE COTTAGE is a very small detached house of 83m², built sometime between 1996 and 2002. It was last sold for £270,000 in September 2023, which was around 21% below the average September 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

CEDAR TREE COTTAGE Sold Prices

Land registry data shows three sales for CEDAR TREE 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. Two of the three CEDAR TREE COTTAGE sales were for below the average price, whilst one 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
2023 29 SEP	£270,000	£340,021	21% below HPI
2008 11 JUL	£163,000	£217,252	25% below HPI
1997 11 AUG	£127,000	£78,560	62% above HPI

CEDAR TREE 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 CEDAR TREE COTTAGE sales between August 1997 and September 2023 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 2008 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2023 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is CEDAR TREE COTTAGE?

CEDAR TREE COTTAGE is 83m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% of detached houses in Besthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Besthorpe, and where CEDAR TREE COTTAGE lies on this distribution: 8% of detached houses are smaller than CEDAR TREE COTTAGE, and 92% of houses are larger. Note that EPC data is not available for all properties in Besthorpe.

CEDAR TREE COTTAGE: Plot and Title Map

CEDAR TREE COTTAGE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of CEDAR TREE 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 CEDAR TREE 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 CEDAR TREE COTTAGE?

CEDAR TREE COTTAGE is located on MAIN ROAD in BESTHORPE, in the NG23 postcode district. The below map shows the position of CEDAR TREE COTTAGE on MAIN ROAD.