RIDGEWAY COTTAGE, MAIN STREET, FARNSFIELD, NEWARK, NG22 8EA - £352,000

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

RIDGEWAY COTTAGE is a small extended detached house of 94m², built sometime before 1900. It was last sold for £352,000 in April 2022, which was around 13% above the average April 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2018, where the current energy rating was E, and the potential energy rating was C.

RIDGEWAY COTTAGE Sold Prices

Land registry data shows four sales for RIDGEWAY COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Most of the four RIDGEWAY 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
2022 29 APR	£352,000	£310,305	13% above HPI
2018 30 NOV	£260,000	£274,400	5% below HPI
2005 9 SEP	£230,000	£207,291	11% above HPI
1997 7 MAR	£98,000	£72,983	34% above HPI

RIDGEWAY 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 four RIDGEWAY COTTAGE sales between March 1997 and April 2022 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 2018 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the April 2022 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is RIDGEWAY COTTAGE?

RIDGEWAY COTTAGE is 94m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where RIDGEWAY COTTAGE lies on this distribution: 20% of detached houses are smaller than RIDGEWAY COTTAGE, and 79% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

RIDGEWAY COTTAGE: Plot and Title Map

RIDGEWAY COTTAGE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of RIDGEWAY 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 RIDGEWAY 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 RIDGEWAY COTTAGE?

RIDGEWAY COTTAGE is located on MAIN STREET in FARNSFIELD, in the NG22 postcode district. The below map shows the position of RIDGEWAY COTTAGE on MAIN STREET.