STABLE COTTAGE, OLD CHAPEL LANE, ELSTON, NEWARK, NG23 5NY - £350,000

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

STABLE COTTAGE is a small extended detached house of 120m², built sometime before 1900. It was last sold for £350,000 in September 2016, which was around 41% above the average September 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was C.

STABLE COTTAGE Sold Prices

Land registry data shows four sales for STABLE 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. All of the four STABLE 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
2016 30 SEP	£350,000	£248,843	41% above HPI
2008 9 JUN	£245,000	£218,442	12% above HPI
2002 6 DEC	£179,950	£152,924	18% above HPI
1997 2 MAY	£82,000	£77,953	5% above HPI

STABLE 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 STABLE COTTAGE sales between May 1997 and September 2016 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 2008 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the September 2016 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is STABLE COTTAGE?

STABLE COTTAGE is 120m², which includes three extensions, according to the EPC inspection conducted in June 2016. This puts it in the smallest 30% of detached houses in Elston, based on EPC data. The below chart shows the distribution of detached houses by size in Elston, and where STABLE COTTAGE lies on this distribution: 29% of detached houses are smaller than STABLE COTTAGE, and 71% of houses are larger. Note that EPC data is not available for all properties in Elston.

STABLE COTTAGE: Plot and Title Map

STABLE COTTAGE sits on a plot of roughly 0.132 of an acre, or 532m². The below map shows the location of STABLE 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 STABLE 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 STABLE COTTAGE?

STABLE COTTAGE is located on OLD CHAPEL LANE in ELSTON, in the NG23 postcode district. The below map shows the position of STABLE COTTAGE on OLD CHAPEL LANE.