PETERS COTTAGE, STATION ROAD, OLLERTON, NEWARK, NG22 9BN - £250,000

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

PETERS COTTAGE is a midsized extended detached house of 113m², built sometime between 1950 and 1966. It was last sold for £250,000 in August 2018, which was around 6% below the average August 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2018, where the current energy rating was E, and the potential energy rating was C.

PETERS COTTAGE Sold Prices

Land registry data shows two sales for PETERS 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 PETERS COTTAGE sales were for below 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
2018 3 AUG	£250,000	£266,987	6% below HPI
2015 28 AUG	£117,500	£230,828	49% below HPI

PETERS 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 PETERS COTTAGE sales from August 2015 and August 2018 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 August 2015 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the August 2018 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is PETERS COTTAGE?

PETERS COTTAGE is 113m², which includes two extensions, according to the EPC inspection conducted in February 2018. This puts it in the largest 50% of detached houses in Ollerton, based on EPC data. The below chart shows the distribution of detached houses by size in Ollerton, and where PETERS COTTAGE lies on this distribution: 54% of detached houses are smaller than PETERS COTTAGE, and 46% of houses are larger. Note that EPC data is not available for all properties in Ollerton.

PETERS COTTAGE: Plot and Title Map

PETERS COTTAGE sits on a plot of roughly 0.379 of an acre, or 1,535m². The below map shows the location of PETERS 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 PETERS 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 PETERS COTTAGE?

PETERS COTTAGE is located on STATION ROAD in OLLERTON, in the NG22 postcode district. The below map shows the position of PETERS COTTAGE on STATION ROAD.