SHADY COTTAGE, MAIN STREET, NORWELL, NEWARK, NG23 6JN - £470,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

SHADY COTTAGE is a very large extended detached house of 214m², built sometime before 1900. It was last sold for £470,000 in May 2018, which was around 83% above the average May 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was C.

SHADY COTTAGE Sold Prices

Land registry data shows two sales for SHADY 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 SHADY 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
2018 25 MAY	£470,000	£256,928	83% above HPI
2003 16 JUN	£210,000	£165,839	27% above HPI

SHADY 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 SHADY COTTAGE sales from June 2003 and May 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 June 2003 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the May 2018 sale, where it rises to 83% above the HPI. The line then continues to track at 83% above the HPI.

How Large is SHADY COTTAGE?

SHADY COTTAGE is 214m², which includes two extensions, according to the EPC inspection conducted in April 2015. This puts it in the largest 20% of detached houses in Norwell, based on EPC data. The below chart shows the distribution of detached houses by size in Norwell, and where SHADY COTTAGE lies on this distribution: 83% of detached houses are smaller than SHADY COTTAGE, and 17% of houses are larger. Note that EPC data is not available for all properties in Norwell.

SHADY COTTAGE: Plot and Title Map

SHADY COTTAGE sits on a plot of roughly 0.201 of an acre, or 812m². The below map shows the location of SHADY 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 SHADY 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 SHADY COTTAGE?

SHADY COTTAGE is located on MAIN STREET in NORWELL, in the NG23 postcode district. The below map shows the position of SHADY COTTAGE on MAIN STREET.