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

GARDEN COTTAGE is a large extended detached house of 165m², built sometime between 1996 and 2002. It was last sold for £335,000 in May 2017, which was around 36% 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	£246,434	36% above HPI
2006 18 AUG	£290,000	£212,240	37% above HPI
2002 28 JUN	£199,500	£124,621	60% 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 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the May 2017 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

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 in Averham, based on EPC data. The below chart shows the distribution of detached houses by size in Averham, and where GARDEN COTTAGE lies on this distribution: 62% of detached houses are smaller than GARDEN COTTAGE, and 38% 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.