HILLSIDE COTTAGE, NEW HILL, FARNSFIELD, NEWARK, NG22 8JN - £495,000

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

HILLSIDE COTTAGE is a large extended detached house of 171m², built sometime before 1900, which could now be worth an estimated £599,440. It was last sold for £495,000 in October 2020, which was around 67% above the average October 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

HILLSIDE COTTAGE Sold Prices

Land registry data shows five sales for HILLSIDE COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the five HILLSIDE 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
2020 30 OCT	£495,000	£296,475	67% above HPI
2019 25 APR	£415,000	£268,950	54% above HPI
2008 18 JUL	£287,000	£226,164	27% above HPI
2002 11 NOV	£204,000	£153,446	33% above HPI
1996 12 JUL	£88,000	£78,737	12% above HPI

HILLSIDE 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 five HILLSIDE COTTAGE sales between July 1996 and October 2020 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 April 2019 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the October 2020 sale, where it rises to 67% above the HPI. The line then continues to track at 67% above the HPI.

What might HILLSIDE COTTAGE be worth now?

HILLSIDE COTTAGE might now be worth an estimated £599,440.

This is based on house price inflation of 21.1%, between October 2020 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 21.1% inflationary increase is applied to the most recent sale price for HILLSIDE COTTAGE of £495,000 on 30th October 2020. For the value to have increased from £495,000 to £599,440 over the three years and ten months to December 2024, the following assumptions must hold true:

• The value of HILLSIDE COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2020 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of HILLSIDE COTTAGE has not materially changed since October 2020.

How Large is HILLSIDE COTTAGE?

HILLSIDE COTTAGE is 171m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the largest 30% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where HILLSIDE COTTAGE lies on this distribution: 78% of detached houses houses are smaller than HILLSIDE COTTAGE, and 21% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

HILLSIDE COTTAGE: Plot and Title Map

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

HILLSIDE COTTAGE is located on NEW HILL in FARNSFIELD, in the NG22 postcode district. The below map shows the position of HILLSIDE COTTAGE on NEW HILL.