REDD COTTAGE, WELLOW ROAD, OLLERTON, NEWARK, NG22 9AP - £341,000

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

REDD COTTAGE is a very large detached house of 248m², built sometime between 1996 and 2002. It was last sold for £341,000 in March 2021, which was around 18% above the average March 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2018, where the current energy rating was C, and the potential energy rating was B.

REDD COTTAGE Sold Prices

Land registry data shows two sales for REDD 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 REDD 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
2021 5 MAR	£341,000	£289,565	18% above HPI
2016 4 NOV	£274,000	£250,047	10% above HPI

REDD 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 REDD COTTAGE sales from November 2016 and March 2021 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 November 2016 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the March 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is REDD COTTAGE?

REDD COTTAGE is 248m² according to the EPC inspection conducted in December 2018. This puts it in the largest 10% of detached houses in Ollerton, based on EPC data. The below chart shows the distribution of detached houses by size in Ollerton, and where REDD COTTAGE lies on this distribution: 99% of detached houses are smaller than REDD COTTAGE, and 1% of houses are larger. Note that EPC data is not available for all properties in Ollerton.

REDD COTTAGE: Plot and Title Map

REDD COTTAGE sits on a plot of roughly 0.239 of an acre, or 968m². The below map shows the location of REDD 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 REDD 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 REDD COTTAGE?

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