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

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.

SHADY COTTAGE is a very large extended detached house of 214m², built sometime before 1900, which could now be worth an estimated £618,534. It was last sold for £470,000 in May 2018, which was around 76% 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	£267,466	76% above HPI
2003 16 JUN	£210,000	£172,641	22% 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 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the May 2018 sale, where it rises to 76% above the HPI. The line then continues to track at 76% above the HPI.

What might SHADY COTTAGE be worth now?

SHADY COTTAGE might now be worth an estimated £618,534.

This is based on house price inflation of 31.6%, between May 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 31.6% inflationary increase is applied to the most recent sale price for SHADY COTTAGE of £470,000 on 25th May 2018. For the value to have increased from £470,000 to £618,534 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of SHADY COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The May 2018 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of SHADY COTTAGE has not materially changed since May 2018.

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 houses in Norwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwell, and where SHADY COTTAGE lies on this distribution: 83% of detached houses 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.