THE COTTAGE, MAIN STREET, WESTON, NEWARK, NG23 6ST - £355,000

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

THE COTTAGE is a large detached house of 173m², built sometime before 1900. It was last sold for £355,000 in July 2021, which was around 22% above the average July 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2020, where the current energy rating was F, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE 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 THE 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
2021 27 JUL	£355,000	£291,982	22% above HPI
2003 30 OCT	£245,000	£169,431	45% above HPI

THE 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 THE COTTAGE sales from October 2003 and July 2021 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 October 2003 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the July 2021 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 173m² according to the EPC inspection conducted in June 2020. This puts it in the largest 30% of detached houses in Weston, based on EPC data. The below chart shows the distribution of detached houses by size in Weston, and where THE COTTAGE lies on this distribution: 73% of detached houses are smaller than THE COTTAGE, and 27% of houses are larger. Note that EPC data is not available for all properties in Weston.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.268 of an acre, or 1,085m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

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