HOLLY COTTAGE, CHURCH LANE, AVERHAM, NEWARK, NG23 5RB - £365,000

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

HOLLY COTTAGE is a midsized extended detached house of 162m², built sometime between 2003 and 2006. It was last sold for £365,000 in December 2014, which was around 67% above the average December 2014 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

HOLLY COTTAGE Sold Prices

Land registry data shows two sales for HOLLY 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 Newark and Sherwood local authority area for the corresponding sale date. Both of the two HOLLY 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
2014 22 DEC	£365,000	£218,006	67% above HPI
2004 21 OCT	£321,000	£194,488	65% above HPI

HOLLY 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 two HOLLY COTTAGE sales from October 2004 and December 2014 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 October 2004 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the December 2014 sale, where it rises to 67% above the HPI. The line then continues to track at 67% above the HPI.

How Large is HOLLY COTTAGE?

HOLLY COTTAGE is 162m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 50% of detached houses in Averham, based on EPC data. The below chart shows the distribution of detached houses by size in Averham, and where HOLLY COTTAGE lies on this distribution: 59% of detached houses are smaller than HOLLY COTTAGE, and 41% of houses are larger. Note that EPC data is not available for all properties in Averham.

HOLLY COTTAGE: Plot and Title Map

HOLLY COTTAGE sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of HOLLY 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 HOLLY 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 HOLLY COTTAGE?

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