VINE COTTAGE, QUAKER LANE, FARNSFIELD, NEWARK, NG22 8EE - £270,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

VINE COTTAGE is a midsized extended detached house of 119m², built sometime before 1900. It was last sold for £270,000 in June 2009, which was around 38% above the average June 2009 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was January 2009, where the current energy rating was E, and the potential energy rating was E.

VINE COTTAGE Sold Prices

Land registry data shows three sales for VINE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three VINE 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
2009 22 JUN	£270,000	£195,628	38% above HPI
1997 21 MAY	£146,850	£77,953	88% above HPI
1996 24 MAY	£160,000	£72,591	120% above HPI

VINE 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 three VINE COTTAGE sales between May 1996 and June 2009 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 May 1997 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the June 2009 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is VINE COTTAGE?

VINE COTTAGE is 119m², which includes two extensions, according to the EPC inspection conducted in January 2009. This puts it in the smallest 50% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where VINE COTTAGE lies on this distribution: 43% of detached houses are smaller than VINE COTTAGE, and 57% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

VINE COTTAGE: Plot and Title Map

VINE COTTAGE sits on a plot of roughly 0.153 of an acre, or 618m². The below map shows the location of VINE 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 VINE 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 VINE COTTAGE?

VINE COTTAGE is located on QUAKER LANE in FARNSFIELD, in the NG22 postcode district. The below map shows the position of VINE COTTAGE on QUAKER LANE.