ISLAND COTTAGE, BRICKYARD LANE, FARNSFIELD, NEWARK, NG22 8JS - £305,000

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

ISLAND COTTAGE is a very small detached house of 89m², built sometime before 1900. It was last sold for £305,000 in July 2023, which was around 10% below the average July 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

ISLAND COTTAGE Sold Prices

Land registry data shows five sales for ISLAND 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. Most of the five ISLAND COTTAGE sales were for below 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
2023 21 JUL	£305,000	£339,087	10% below HPI
2021 7 MAY	£249,950	£297,914	16% below HPI
2007 20 AUG	£248,500	£233,422	6% above HPI
2004 12 MAR	£179,950	£188,702	5% below HPI
2001 27 APR	£90,000	£102,207	12% below HPI

ISLAND 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 ISLAND COTTAGE sales between April 2001 and July 2023 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 May 2021 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2023 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is ISLAND COTTAGE?

ISLAND COTTAGE is 89m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% 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 ISLAND COTTAGE lies on this distribution: 16% of detached houses houses are smaller than ISLAND COTTAGE, and 83% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

ISLAND COTTAGE: Plot and Title Map

ISLAND COTTAGE sits on a plot of roughly 0.035 of an acre, or 142m². The below map shows the location of ISLAND 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 ISLAND 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 ISLAND COTTAGE?

ISLAND COTTAGE is located on BRICKYARD LANE in FARNSFIELD, in the NG22 postcode district. The below map shows the position of ISLAND COTTAGE on BRICKYARD LANE.