MAY COTTAGE, MILL LANE, EAKRING, NEWARK, NG22 0DL - £350,000

MAY COTTAGE is a very small extended semi-detached house of 95m², built sometime between 2003 and 2006. It was last sold for £350,000 in February 2021, which was around 21% above the average February 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2012, where the current energy rating was C, and the potential energy rating was C.

MAY COTTAGE Sold Prices

Land registry data shows three sales for MAY 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 MAY COTTAGE sales were for above the average price, whilst one was 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
2021 12 FEB	£350,000	£289,202	21% above HPI
2015 15 SEP	£220,000	£237,613	7% below HPI
2005 1 JUL	£210,000	£205,901	2% above HPI

MAY 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 MAY COTTAGE sales between July 2005 and February 2021 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 September 2015 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the February 2021 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is MAY COTTAGE?

MAY COTTAGE is 95m², which includes one extension, according to the EPC inspection conducted in March 2012. This puts it in the smallest 10% of detached houses in Eakring, based on EPC data. The below chart shows the distribution of detached houses by size in Eakring, and where MAY COTTAGE lies on this distribution: 4% of detached houses are smaller than MAY COTTAGE, and 96% of houses are larger. Note that EPC data is not available for all properties in Eakring.

MAY COTTAGE: Plot and Title Map

MAY COTTAGE sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of MAY 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 MAY 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 MAY COTTAGE?

MAY COTTAGE is located on MILL LANE in EAKRING, in the NG22 postcode district. The below map shows the position of MAY COTTAGE on MILL LANE.