THE COTTAGE, VICARAGE ROAD, SOUTH CLIFTON, NEWARK, NG23 7AQ - £286,000

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 midsized extended detached house of 147m², built sometime before 1900. It was last sold for £286,000 in November 2020, which was around 5% below the average November 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, 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 below 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
2020 4 NOV	£286,000	£301,279	5% below HPI
1996 31 OCT	£68,000	£76,938	12% below 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 1996 and November 2020 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 1996 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2020 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £340,820.

This is based on house price inflation of 19.2%, between November 2020 and December 2024, 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 19.2% inflationary increase is applied to the most recent sale price for THE COTTAGE of £286,000 on 4th November 2020. For the value to have increased from £286,000 to £340,820 over the three years and eleven months to December 2024, the following assumptions must hold true:

• The value of THE COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2020 sale price of £286,000 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since November 2020.

How Large is THE COTTAGE?

THE COTTAGE is 147m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 50% of detached houses houses in South Clifton, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Clifton, and where THE COTTAGE lies on this distribution: 41% of detached houses houses are smaller than THE COTTAGE, and 59% of houses are larger. Note that EPC data is not available for all properties in South Clifton.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.045 of an acre, or 184m². 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 VICARAGE ROAD in SOUTH CLIFTON, in the NG23 postcode district. The below map shows the position of THE COTTAGE on VICARAGE ROAD.