CHERRY TREE COTTAGE, MAIN STREET, NORTH MUSKHAM, NEWARK, NG23 6HQ - £310,000

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

CHERRY TREE COTTAGE is a large extended detached house of 171m², built sometime between 1991 and 1995, which could now be worth an estimated £421,223. It was last sold for £310,000 in September 2016, which was around 20% above the average September 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

CHERRY TREE COTTAGE Sold Prices

Land registry data shows two sales for CHERRY TREE 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 CHERRY TREE 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
2016 30 SEP	£310,000	£259,050	20% above HPI
2012 15 FEB	£167,000	£218,815	24% below HPI

CHERRY 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 two CHERRY TREE COTTAGE sales from February 2012 and September 2016 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 February 2012 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2016 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might CHERRY TREE COTTAGE be worth now?

CHERRY TREE COTTAGE might now be worth an estimated £421,223.

This is based on house price inflation of 35.9%, between September 2016 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 35.9% inflationary increase is applied to the most recent sale price for CHERRY TREE COTTAGE of £310,000 on 30th September 2016. For the value to have increased from £310,000 to £421,223 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of CHERRY TREE COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2016 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRY TREE COTTAGE has not materially changed since September 2016.

How Large is CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is 171m², which includes two extensions, according to the EPC inspection conducted in January 2016. This puts it in the largest 30% of detached houses houses in North Muskham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Muskham, and where CHERRY TREE COTTAGE lies on this distribution: 76% of detached houses houses are smaller than CHERRY TREE COTTAGE, and 24% of houses are larger. Note that EPC data is not available for all properties in North Muskham.

CHERRY TREE COTTAGE: Plot and Title Map

CHERRY TREE COTTAGE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of CHERRY 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 CHERRY 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 CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is located on MAIN STREET in NORTH MUSKHAM, in the NG23 postcode district. The below map shows the position of CHERRY TREE COTTAGE on MAIN STREET.