SPRING COTTAGE, BACK LANE, HALAM, NEWARK, NG22 8AG - £520,000

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

SPRING COTTAGE is a midsized extended detached house of 171m², built sometime between 1900 and 1929. It was last sold for £520,000 in September 2018, which was around 91% above the average September 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was C.

SPRING COTTAGE Sold Prices

Land registry data shows two sales for SPRING 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 SPRING 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 4 SEP	£520,000	£272,429	91% above HPI
2006 3 FEB	£440,000	£199,556	120% above HPI

SPRING 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 SPRING COTTAGE sales from February 2006 and September 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 February 2006 sale was for 120% above the HPI. So the extrapolation line tracks at 120% above the HPI over time, until the September 2018 sale, where it falls to 91% above the HPI. The line then continues to track at 91% above the HPI.

How Large is SPRING COTTAGE?

SPRING COTTAGE is 171m², which includes two extensions, according to the EPC inspection conducted in September 2016. This puts it in the smallest 50% of detached houses in Halam, based on EPC data. The below chart shows the distribution of detached houses by size in Halam, and where SPRING COTTAGE lies on this distribution: 42% of detached houses are smaller than SPRING COTTAGE, and 58% of houses are larger. Note that EPC data is not available for all properties in Halam.

SPRING COTTAGE: Plot and Title Map

SPRING COTTAGE sits on a plot of roughly 0.238 of an acre, or 963m². The below map shows the location of SPRING 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 SPRING 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 SPRING COTTAGE?

SPRING COTTAGE is located on BACK LANE in HALAM, in the NG22 postcode district. The below map shows the position of SPRING COTTAGE on BACK LANE.