COTTMEAD, MAIN STREET, SOUTH MUSKHAM, NEWARK, NG23 6EE - £125,000

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

COTTMEAD is a very small extended detached house of 62m², built sometime between 1950 and 1966. It was last sold for £125,000 in March 2005, which was around 38% below the average March 2005 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2022, where the current energy rating was E, and the potential energy rating was C.

COTTMEAD Sold Prices

Land registry data shows two sales for COTTMEAD 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. Both of the two COTTMEAD sales were 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
2005 18 MAR	£125,000	£201,811	38% below HPI
1996 6 SEP	£42,550	£76,835	45% below HPI

COTTMEAD 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 COTTMEAD sales from September 1996 and March 2005 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 September 1996 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the March 2005 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is COTTMEAD?

COTTMEAD is 62m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the smallest 10% of detached houses in South Muskham, based on EPC data. The below chart shows the distribution of detached houses by size in South Muskham, and where COTTMEAD lies on this distribution: Less than 1% of detached houses are smaller than COTTMEAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in South Muskham.

COTTMEAD: Plot and Title Map

COTTMEAD sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of COTTMEAD, 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 COTTMEAD). 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 COTTMEAD?

COTTMEAD is located on MAIN STREET in SOUTH MUSKHAM, in the NG23 postcode district. The below map shows the position of COTTMEAD on MAIN STREET.