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

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

ELM COTTAGE is a midsized extended detached house of 135m², built sometime before 1900. It was last sold for £335,000 in November 2018, which was around 22% 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	£274,400	22% above HPI
2013 29 NOV	£325,000	£203,347	60% above HPI
2005 15 APR	£295,000	£198,859	48% 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 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the November 2018 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

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 in Elston, based on EPC data. The below chart shows the distribution of detached houses by size in Elston, and where ELM COTTAGE lies on this distribution: 44% of detached 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.