LONG COTTAGE, MANSFIELD ROAD, FARNSFIELD, NEWARK, NG22 8HG - £230,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

LONG COTTAGE is a midsized extended detached house of 125m², built sometime before 1900. It was last sold for £230,000 in October 2013, which was around 14% above the average October 2013 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

LONG COTTAGE Sold Prices

Land registry data shows three sales for LONG 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 LONG 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
2013 25 OCT	£230,000	£202,526	14% above HPI
2003 7 NOV	£210,000	£173,580	21% above HPI
1999 21 MAY	£88,000	£85,063	3% above HPI

LONG 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 LONG COTTAGE sales between May 1999 and October 2013 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 November 2003 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the October 2013 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is LONG COTTAGE?

LONG COTTAGE is 125m², which includes three extensions, according to the EPC inspection conducted in February 2013. This puts it in the smallest 50% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where LONG COTTAGE lies on this distribution: 48% of detached houses are smaller than LONG COTTAGE, and 52% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

LONG COTTAGE: Plot and Title Map

LONG COTTAGE sits on a plot of roughly 0.055 of an acre, or 223m². The below map shows the location of LONG 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 LONG 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 LONG COTTAGE?

LONG COTTAGE is located on MANSFIELD ROAD in FARNSFIELD, in the NG22 postcode district. The below map shows the position of LONG COTTAGE on MANSFIELD ROAD.