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

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.

PETERS COTTAGE is a midsized extended detached house of 113m², built sometime between 1950 and 1966, which could now be worth an estimated £316,610. It was last sold for £250,000 in August 2018, which was around 10% 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	£277,939	10% below HPI
2015 28 AUG	£117,500	£240,296	51% 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 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the August 2018 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might PETERS COTTAGE be worth now?

PETERS COTTAGE might now be worth an estimated £316,610.

This is based on house price inflation of 26.6%, between August 2018 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 26.6% inflationary increase is applied to the most recent sale price for PETERS COTTAGE of £250,000 on 3rd August 2018. For the value to have increased from £250,000 to £316,610 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of PETERS COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2018 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of PETERS COTTAGE has not materially changed since August 2018.

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 houses in Ollerton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ollerton, and where PETERS COTTAGE lies on this distribution: 55% of detached houses houses are smaller than PETERS COTTAGE, and 45% 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.