MAY COTTAGE, MILL LANE, EAKRING, NEWARK, NG22 0DL - £350,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MAY COTTAGE is a very small extended semi-detached house of 95m², built sometime between 2003 and 2006, which could now be worth an estimated £416,567. It was last sold for £350,000 in February 2021, which was around 102% above the average February 2021 semi-detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2012, where the current energy rating was C, and the potential energy rating was C.

MAY COTTAGE Sold Prices

Land registry data shows three sales for MAY COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three MAY 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
2021 12 FEB	£350,000	£172,872	102% above HPI
2015 15 SEP	£220,000	£141,065	56% above HPI
2005 1 JUL	£210,000	£125,042	68% above HPI

MAY COTTAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The three MAY COTTAGE sales between July 2005 and February 2021 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 September 2015 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the February 2021 sale, where it rises to 102% above the HPI. The line then continues to track at 102% above the HPI.

What might MAY COTTAGE be worth now?

MAY COTTAGE might now be worth an estimated £416,567.

This is based on house price inflation of 19%, between February 2021 and February 2025, for semi-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 19% inflationary increase is applied to the most recent sale price for MAY COTTAGE of £350,000 on 12th February 2021. For the value to have increased from £350,000 to £416,567 over the four years to February 2025, the following assumptions must hold true:

• The value of MAY COTTAGE has moved in line with the HPI for semi-detached houses in the Newark and Sherwood local authority area.
• The February 2021 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of MAY COTTAGE has not materially changed since February 2021.

How Large is MAY COTTAGE?

MAY COTTAGE is 95m², which includes one extension, according to the EPC inspection conducted in March 2012. This puts it in the smallest 10% of semi-detached houses houses in Eakring, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Eakring, and where MAY COTTAGE lies on this distribution: 4% of semi-detached houses houses are smaller than MAY COTTAGE, and 96% of houses are larger. Note that EPC data is not available for all properties in Eakring.

MAY COTTAGE: Plot and Title Map

MAY COTTAGE sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of MAY 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 MAY 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 MAY COTTAGE?

MAY COTTAGE is located on MILL LANE in EAKRING, in the NG22 postcode district. The below map shows the position of MAY COTTAGE on MILL LANE.