1, THE COTTAGES, TIPPINGS LANE, FARNSFIELD, NEWARK, NG22 8EP - £205,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 THE COTTAGES is a small extended semi-detached house of 106m², built sometime between 1900 and 1929, which could now be worth an estimated £263,427. It was last sold for £205,000 in July 2019, which was around 28% above the average July 2019 semi-detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was B.

1 THE COTTAGES Sold Prices

Land registry data shows two sales for 1 THE COTTAGES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 1 THE COTTAGES 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
2019 22 JUL	£205,000	£160,116	28% above HPI
1996 26 MAR	£81,000	£40,907	98% above HPI

1 THE COTTAGES 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 two 1 THE COTTAGES sales from March 1996 and July 2019 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 March 1996 sale was for 98% above the HPI. So the extrapolation line tracks at 98% above the HPI over time, until the July 2019 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 1 THE COTTAGES be worth now?

1 THE COTTAGES might now be worth an estimated £263,427.

This is based on house price inflation of 28.5%, between July 2019 and February 2025, 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 28.5% inflationary increase is applied to the most recent sale price for 1 THE COTTAGES of £205,000 on 22nd July 2019. For the value to have increased from £205,000 to £263,427 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 1 THE COTTAGES has moved in line with the HPI for semi-detached houses in the Newark and Sherwood local authority area.
• The July 2019 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE COTTAGES has not materially changed since July 2019.

How Large is 1 THE COTTAGES?

1 THE COTTAGES is 106m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the smallest 30% 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 1 THE COTTAGES lies on this distribution: 29% of semi-detached houses houses are smaller than 1 THE COTTAGES, and 70% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

1 THE COTTAGES: Plot and Title Map

1 THE COTTAGES sits on a plot of roughly 0.043 of an acre, or 176m². The below map shows the location of 1 THE COTTAGES, 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 1 THE COTTAGES). 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 1 THE COTTAGES?

1 THE COTTAGES is located on TIPPINGS LANE in FARNSFIELD, in the NG22 postcode district. The below map shows the position of 1 THE COTTAGES on TIPPINGS LANE.