CEDAR TREE COTTAGE, MAIN ROAD, BESTHORPE, NEWARK, NG23 7HR - £270,000

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.

CEDAR TREE COTTAGE is a very small detached house of 83m², built sometime between 1996 and 2002, which could now be worth an estimated £267,299. It was last sold for £270,000 in September 2023, which was around 24% below the average September 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

CEDAR TREE COTTAGE Sold Prices

Land registry data shows three sales for CEDAR TREE 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. Two of the three CEDAR TREE COTTAGE sales were for below the average price, whilst one was 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
2023 29 SEP	£270,000	£353,978	24% below HPI
2008 11 JUL	£163,000	£226,164	28% below HPI
1997 11 AUG	£127,000	£81,783	55% above HPI

CEDAR TREE 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 CEDAR TREE COTTAGE sales between August 1997 and September 2023 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 July 2008 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the September 2023 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might CEDAR TREE COTTAGE be worth now?

CEDAR TREE COTTAGE might now be worth an estimated £267,299.

This is based on house price deflation of 1%, between September 2023 and June 2025, 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 1% deflationary decrease is applied to the most recent sale price for CEDAR TREE COTTAGE of £270,000 on 29th September 2023. For the value to have decreased from £270,000 to £267,299 over the two years and three months to June 2025, the following assumptions must hold true:

• The value of CEDAR TREE COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2023 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of CEDAR TREE COTTAGE has not materially changed since September 2023.

How Large is CEDAR TREE COTTAGE?

CEDAR TREE COTTAGE is 83m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% of detached houses houses in Besthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Besthorpe, and where CEDAR TREE COTTAGE lies on this distribution: 7% of detached houses houses are smaller than CEDAR TREE COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Besthorpe.

CEDAR TREE COTTAGE: Plot and Title Map

CEDAR TREE COTTAGE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of CEDAR TREE 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 CEDAR TREE 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 CEDAR TREE COTTAGE?

CEDAR TREE COTTAGE is located on MAIN ROAD in BESTHORPE, in the NG23 postcode district. The below map shows the position of CEDAR TREE COTTAGE on MAIN ROAD.