MAY COTTAGE, TOAD LANE, ELSTON, NEWARK, NG23 5NS - £295,000

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

MAY COTTAGE is a small detached house of 124m², built sometime before 1900, which could now be worth an estimated £371,967. It was last sold for £295,000 in November 2019, which was around 4% above the average November 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2024, where the current energy rating was D, and the potential energy rating was B.

MAY COTTAGE Sold Prices

Land registry data shows five sales for MAY 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. All of the five 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
2019 6 NOV	£295,000	£284,738	4% above HPI
2012 23 MAR	£250,000	£213,105	17% above HPI
2007 29 JUN	£307,500	£227,639	35% above HPI
2000 12 JUN	£150,000	£95,876	56% above HPI
1998 14 AUG	£135,000	£87,592	54% 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 five MAY COTTAGE sales between August 1998 and November 2019 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 March 2012 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the November 2019 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might MAY COTTAGE be worth now?

MAY COTTAGE might now be worth an estimated £371,967.

This is based on house price inflation of 26.1%, between November 2019 and December 2024, 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 26.1% inflationary increase is applied to the most recent sale price for MAY COTTAGE of £295,000 on 6th November 2019. For the value to have increased from £295,000 to £371,967 over the four years and eleven months to December 2024, 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 November 2019 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of MAY COTTAGE has not materially changed since November 2019.

How Large is MAY COTTAGE?

MAY COTTAGE is 124m² according to the EPC inspection conducted in November 2024. This puts it in the smallest 40% of detached houses houses in Elston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elston, and where MAY COTTAGE lies on this distribution: 35% of detached houses houses are smaller than MAY COTTAGE, and 65% of houses are larger. Note that EPC data is not available for all properties in Elston.

MAY COTTAGE: Plot and Title Map

MAY COTTAGE sits on a plot of roughly 0.124 of an acre, or 502m². 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 TOAD LANE in ELSTON, in the NG23 postcode district. The below map shows the position of MAY COTTAGE on TOAD LANE.