HOLLY COTTAGE, STAYTHORPE ROAD, AVERHAM, NEWARK, NG23 5RA - £348,000

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 small extended detached house of 127m², built sometime between 1900 and 1929. It was last sold for £348,000 in August 2017, which was around 37% above the average August 2017 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was C.

HOLLY COTTAGE Sold Prices

Land registry data shows three sales for HOLLY 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 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
2017 24 AUG	£348,000	£253,758	37% above HPI
2004 29 JUL	£285,000	£188,834	51% above HPI
2001 5 JAN	£130,000	£98,425	32% 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 three HOLLY COTTAGE sales between January 2001 and August 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 July 2004 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the August 2017 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is HOLLY COTTAGE?

HOLLY COTTAGE is 127m², which includes two extensions, according to the EPC inspection conducted in November 2016. This puts it in the smallest 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 HOLLY COTTAGE lies on this distribution: 38% of detached houses are smaller than HOLLY COTTAGE, and 62% 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 0.190 of an acre, or 770m². 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 STAYTHORPE ROAD in AVERHAM, in the NG23 postcode district. The below map shows the position of HOLLY COTTAGE on STAYTHORPE ROAD.