GARDEN COTTAGE, CHURCH LANE, AVERHAM, NEWARK, NG23 5RB - £335,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

GARDEN COTTAGE is a large extended detached house of 165m², built sometime between 1996 and 2002, which could now be worth an estimated £459,643. It was last sold for £335,000 in May 2017, which was around 31% above the average May 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

GARDEN COTTAGE Sold Prices

Land registry data shows three sales for GARDEN 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 GARDEN 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
2017 10 MAY	£335,000	£256,542	31% above HPI
2006 18 AUG	£290,000	£220,946	31% above HPI
2002 28 JUN	£199,500	£129,733	54% above HPI

GARDEN 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 GARDEN COTTAGE sales between June 2002 and May 2017 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 August 2006 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the May 2017 sale, which was also at 31% above the HPI.

What might GARDEN COTTAGE be worth now?

GARDEN COTTAGE might now be worth an estimated £459,643.

This is based on house price inflation of 37.2%, between May 2017 and February 2025, 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 37.2% inflationary increase is applied to the most recent sale price for GARDEN COTTAGE of £335,000 on 10th May 2017. For the value to have increased from £335,000 to £459,643 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of GARDEN COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The May 2017 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of GARDEN COTTAGE has not materially changed since May 2017.

How Large is GARDEN COTTAGE?

GARDEN COTTAGE is 165m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the largest 40% of detached houses houses in Averham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Averham, and where GARDEN COTTAGE lies on this distribution: 61% of detached houses houses are smaller than GARDEN COTTAGE, and 39% of houses are larger. Note that EPC data is not available for all properties in Averham.

GARDEN COTTAGE: Plot and Title Map

GARDEN COTTAGE sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of GARDEN 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 GARDEN 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 GARDEN COTTAGE?

GARDEN COTTAGE is located on CHURCH LANE in AVERHAM, in the NG23 postcode district. The below map shows the position of GARDEN COTTAGE on CHURCH LANE.