MAY COTTAGE, PINFOLD LANE, AVERHAM, NEWARK, NG23 5RD - £340,000

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 large extended detached house of 172m², built sometime between 2003 and 2006, which could now be worth an estimated £517,120. It was last sold for £340,000 in January 2015, which was around 47% above the average January 2015 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2024, where the current energy rating was C, and the potential energy rating was C.

MAY COTTAGE Sold Prices

Land registry data shows two sales for MAY 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 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
2015 23 JAN	£340,000	£231,431	47% above HPI
2009 27 JUL	£280,000	£200,000	40% above HPI

MAY 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 MAY COTTAGE sales from July 2009 and January 2015 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 2009 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the January 2015 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might MAY COTTAGE be worth now?

MAY COTTAGE might now be worth an estimated £517,120.

This is based on house price inflation of 52.1%, between January 2015 and February 2025, for 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 52.1% inflationary increase is applied to the most recent sale price for MAY COTTAGE of £340,000 on 23rd January 2015. For the value to have increased from £340,000 to £517,120 over the nine years and eleven months to February 2025, the following assumptions must hold true:

• The value of MAY COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The January 2015 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of MAY COTTAGE has not materially changed since January 2015.

How Large is MAY COTTAGE?

MAY COTTAGE is 172m², which includes two extensions, according to the EPC inspection conducted in August 2024. This puts it in the largest 40% of detached houses houses in Averham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Averham, and where MAY COTTAGE lies on this distribution: 66% of detached houses houses are smaller than MAY COTTAGE, and 34% of houses are larger. Note that EPC data is not available for all properties in Averham.

MAY COTTAGE: Plot and Title Map

MAY COTTAGE sits on a plot of roughly 0.088 of an acre, or 358m². 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 PINFOLD LANE in AVERHAM, in the NG23 postcode district. The below map shows the position of MAY COTTAGE on PINFOLD LANE.