FOREMAN COTTAGE, LILLEY STREET, LONG BENNINGTON, NEWARK, NG23 5EJ - £390,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

FOREMAN COTTAGE is a large extended detached house of 177m², built sometime between 1991 and 1995. It was last sold for £390,000 in May 2021, which was around 20% above the average May 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was C.

FOREMAN COTTAGE Sold Prices

Land registry data shows two sales for FOREMAN 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 South Kesteven local authority area for the corresponding sale date. Both of the two FOREMAN 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
2021 4 MAY	£390,000	£325,001	20% above HPI
2013 22 JAN	£269,000	£215,198	25% above HPI

FOREMAN COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two FOREMAN COTTAGE sales from January 2013 and May 2021 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 January 2013 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2021 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is FOREMAN COTTAGE?

FOREMAN COTTAGE is 177m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 40% of detached houses in Long Bennington, based on EPC data. The below chart shows the distribution of detached houses by size in Long Bennington, and where FOREMAN COTTAGE lies on this distribution: 66% of detached houses are smaller than FOREMAN COTTAGE, and 34% of houses are larger. Note that EPC data is not available for all properties in Long Bennington.

FOREMAN COTTAGE: Plot and Title Map

FOREMAN COTTAGE sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of FOREMAN 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 FOREMAN 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 FOREMAN COTTAGE?

FOREMAN COTTAGE is located on LILLEY STREET in LONG BENNINGTON, in the NG23 postcode district. The below map shows the position of FOREMAN COTTAGE on LILLEY STREET.