CHERRY TREE COTTAGE, LOW ROAD, BESTHORPE, NEWARK, NG23 7HJ - £220,000

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.

CHERRY TREE COTTAGE is a very small extended detached house of 62m², built sometime between 1900 and 1929, which could now be worth an estimated £273,767. It was last sold for £220,000 in November 2019, which was around 23% below the average November 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2014, where the current energy rating was E, and the potential energy rating was B.

CHERRY TREE COTTAGE Sold Prices

Land registry data shows three sales for CHERRY 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. All of the three CHERRY TREE 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
2019 12 NOV	£220,000	£284,738	23% below HPI
2006 30 AUG	£205,000	£220,946	7% below HPI
2000 12 APR	£65,000	£92,437	30% below HPI

CHERRY 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 CHERRY TREE COTTAGE sales between April 2000 and November 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 August 2006 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2019 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might CHERRY TREE COTTAGE be worth now?

CHERRY TREE COTTAGE might now be worth an estimated £273,767.

This is based on house price inflation of 24.4%, between November 2019 and July 2026, 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 24.4% inflationary increase is applied to the most recent sale price for CHERRY TREE COTTAGE of £220,000 on 12th November 2019. For the value to have increased from £220,000 to £273,767 over the seven years and four months to July 2026, the following assumptions must hold true:

• The value of CHERRY TREE COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2019 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRY TREE COTTAGE has not materially changed since November 2019.

How Large is CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is 62m², which includes one extension, according to the EPC inspection conducted in June 2014. 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 CHERRY TREE COTTAGE lies on this distribution: Less than 1% of detached houses houses are smaller than CHERRY TREE COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Besthorpe.

CHERRY TREE COTTAGE: Plot and Title Map

CHERRY TREE COTTAGE sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of CHERRY 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 CHERRY 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 CHERRY TREE COTTAGE?

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