MAYS COTTAGE, WESTGATE, SOUTHWELL, NG25 0JX - £555,000

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

MAYS COTTAGE is a midsized extended detached house of 120m², built sometime before 1900. It was last sold for £555,000 in June 2023, which was around 74% above the average June 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

MAYS COTTAGE Sold Prices

Land registry data shows two sales for MAYS 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 MAYS 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
2023 23 JUN	£555,000	£319,266	74% above HPI
2011 23 SEP	£344,950	£204,438	69% above HPI

MAYS 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 MAYS COTTAGE sales from September 2011 and June 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 September 2011 sale was for 69% above the HPI. So the extrapolation line tracks at 69% above the HPI over time, until the June 2023 sale, where it rises to 74% above the HPI. The line then continues to track at 74% above the HPI.

How Large is MAYS COTTAGE?

MAYS COTTAGE is 120m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the largest 50% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where MAYS COTTAGE lies on this distribution: 50% of detached houses are smaller than MAYS COTTAGE, and 49% of houses are larger. Note that EPC data is not available for all properties in Southwell.

MAYS COTTAGE: Plot and Title Map

MAYS COTTAGE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of MAYS 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 MAYS 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 MAYS COTTAGE?

MAYS COTTAGE is located on WESTGATE in SOUTHWELL, in the NG25 postcode district. The below map shows the position of MAYS COTTAGE on WESTGATE.