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

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

CHERRY TREE COTTAGE is a large extended detached house of 171m², built sometime between 1991 and 1995. It was last sold for £310,000 in September 2016, which was around 25% 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	£248,843	25% above HPI
2012 15 FEB	£167,000	£210,193	21% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the September 2016 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

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 in North Muskham, based on EPC data. The below chart shows the distribution of detached houses by size in North Muskham, and where CHERRY TREE COTTAGE lies on this distribution: 76% of detached 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.