THE COTTAGE, NEW HILL, FARNSFIELD, NEWARK, NG22 8JN - £210,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE COTTAGE is a very small extended semi-detached house of 70m², built sometime before 1900, which could now be worth an estimated £318,102. It was last sold for £210,000 in January 2016, which was around 51% above the average January 2016 semi-detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

THE COTTAGE Sold Prices

Land registry data shows three sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 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
2016 8 JAN	£210,000	£138,768	51% above HPI
2004 14 APR	£151,000	£107,055	41% above HPI
2002 20 DEC	£105,000	£85,082	23% above HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The three THE COTTAGE sales between December 2002 and January 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 April 2004 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the January 2016 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £318,102.

This is based on house price inflation of 51.5%, between January 2016 and December 2024, for semi-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 51.5% inflationary increase is applied to the most recent sale price for THE COTTAGE of £210,000 on 8th January 2016. For the value to have increased from £210,000 to £318,102 over the seven years and one month to December 2024, the following assumptions must hold true:

• The value of THE COTTAGE has moved in line with the HPI for semi-detached houses in the Newark and Sherwood local authority area.
• The January 2016 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since January 2016.

How Large is THE COTTAGE?

THE COTTAGE is 70m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the smallest 10% of semi-detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Farnsfield, and where THE COTTAGE lies on this distribution: 5% of semi-detached houses houses are smaller than THE COTTAGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.027 of an acre, or 109m². 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 NEW HILL in FARNSFIELD, in the NG22 postcode district. The below map shows the position of THE COTTAGE on NEW HILL.