TUR SCHOOL COTTAGE, THE CLOSE, AVERHAM, NEWARK, NG23 5RP - £220,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

TUR SCHOOL COTTAGE is a very small semi-detached house of 73m², built sometime before 1900. It was last sold for £220,000 in June 2018, which was around 15% below the average June 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2015, where the current energy rating was G, and the potential energy rating was D.

TUR SCHOOL COTTAGE Sold Prices

Land registry data shows two sales for TUR SCHOOL 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 TUR SCHOOL 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
2018 1 JUN	£220,000	£259,097	15% below HPI
2016 27 JAN	£110,000	£233,500	53% below HPI

TUR SCHOOL 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 TUR SCHOOL COTTAGE sales from January 2016 and June 2018 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 January 2016 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the June 2018 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is TUR SCHOOL COTTAGE?

TUR SCHOOL COTTAGE is 73m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of detached houses in Averham, based on EPC data. The below chart shows the distribution of detached houses by size in Averham, and where TUR SCHOOL COTTAGE lies on this distribution: 5% of detached houses are smaller than TUR SCHOOL COTTAGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Averham.

TUR SCHOOL COTTAGE: Plot and Title Map

TUR SCHOOL COTTAGE sits on a plot of roughly 0.147 of an acre, or 596m². The below map shows the location of TUR SCHOOL 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 TUR SCHOOL 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 TUR SCHOOL COTTAGE?

TUR SCHOOL COTTAGE is located on THE CLOSE in AVERHAM, in the NG23 postcode district. The below map shows the position of TUR SCHOOL COTTAGE on THE CLOSE.