MEADOW COTTAGE, MANSFIELD ROAD, FARNSFIELD, NEWARK, NG22 8HG - £225,000

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.

MEADOW COTTAGE is a very small extended detached house of 80m², built sometime before 1900, which could now be worth an estimated £376,129. It was last sold for £225,000 in February 2010, which was around 7% above the average February 2010 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2009, where the current energy rating was E, and the potential energy rating was D.

MEADOW COTTAGE Sold Prices

Land registry data shows two sales for MEADOW 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 MEADOW 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
2010 19 FEB	£225,000	£210,562	7% above HPI
1997 3 OCT	£118,000	£82,724	43% above HPI

MEADOW 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 MEADOW COTTAGE sales from October 1997 and February 2010 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 October 1997 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the February 2010 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might MEADOW COTTAGE be worth now?

MEADOW COTTAGE might now be worth an estimated £376,129.

This is based on house price inflation of 67.2%, between February 2010 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 67.2% inflationary increase is applied to the most recent sale price for MEADOW COTTAGE of £225,000 on 19th February 2010. For the value to have increased from £225,000 to £376,129 over the fifteen years to February 2025, the following assumptions must hold true:

• The value of MEADOW COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2010 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of MEADOW COTTAGE has not materially changed since February 2010.

How Large is MEADOW COTTAGE?

MEADOW COTTAGE is 80m², which includes two extensions, according to the EPC inspection conducted in August 2009. This puts it in the smallest 10% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where MEADOW COTTAGE lies on this distribution: 9% of detached houses houses are smaller than MEADOW COTTAGE, and 91% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

MEADOW COTTAGE: Plot and Title Map

MEADOW COTTAGE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of MEADOW 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 MEADOW 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 MEADOW COTTAGE?

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