ELM COTTAGE, LOW STREET, ELSTON, NEWARK, NG23 5PA - £335,000

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

ELM COTTAGE is a midsized extended detached house of 135m², built sometime before 1900, which could now be worth an estimated £421,046. It was last sold for £335,000 in November 2018, which was around 17% above the average November 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

ELM COTTAGE Sold Prices

Land registry data shows three sales for ELM 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 ELM 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
2018 16 NOV	£335,000	£285,656	17% above HPI
2013 29 NOV	£325,000	£211,688	54% above HPI
2005 15 APR	£295,000	£207,016	43% above HPI

ELM 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 ELM COTTAGE sales between April 2005 and November 2018 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 November 2013 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the November 2018 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might ELM COTTAGE be worth now?

ELM COTTAGE might now be worth an estimated £421,046.

This is based on house price inflation of 25.7%, between November 2018 and December 2024, 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 25.7% inflationary increase is applied to the most recent sale price for ELM COTTAGE of £335,000 on 16th November 2018. For the value to have increased from £335,000 to £421,046 over the five years and eleven months to December 2024, the following assumptions must hold true:

• The value of ELM COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2018 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of ELM COTTAGE has not materially changed since November 2018.

How Large is ELM COTTAGE?

ELM COTTAGE is 135m², which includes two extensions, according to the EPC inspection conducted in November 2016. This puts it in the smallest 50% of detached houses houses in Elston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elston, and where ELM COTTAGE lies on this distribution: 44% of detached houses houses are smaller than ELM COTTAGE, and 56% of houses are larger. Note that EPC data is not available for all properties in Elston.

ELM COTTAGE: Plot and Title Map

ELM COTTAGE sits on a plot of roughly 0.155 of an acre, or 628m². The below map shows the location of ELM 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 ELM 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 ELM COTTAGE?

ELM COTTAGE is located on LOW STREET in ELSTON, in the NG23 postcode district. The below map shows the position of ELM COTTAGE on LOW STREET.