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

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.

STABLE COTTAGE is a small extended detached house of 120m², built sometime before 1900, which could now be worth an estimated £475,574. It was last sold for £350,000 in September 2016, which was around 35% 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	£259,050	35% above HPI
2008 9 JUN	£245,000	£227,402	8% above HPI
2002 6 DEC	£179,950	£159,197	13% above HPI
1997 2 MAY	£82,000	£81,151	1% 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 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the September 2016 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might STABLE COTTAGE be worth now?

STABLE COTTAGE might now be worth an estimated £475,574.

This is based on house price inflation of 35.9%, between September 2016 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 35.9% inflationary increase is applied to the most recent sale price for STABLE COTTAGE of £350,000 on 30th September 2016. For the value to have increased from £350,000 to £475,574 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of STABLE COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2016 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of STABLE COTTAGE has not materially changed since September 2016.

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 houses in Elston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elston, and where STABLE COTTAGE lies on this distribution: 28% of detached houses houses are smaller than STABLE COTTAGE, and 73% 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 0.131 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.