MAY COTTAGE, TOAD LANE, ELSTON, NEWARK, NG23 5NS - £295,000

MAY COTTAGE is a very small extended detached house of 63m², built sometime between 1900 and 1929. It was last sold for £295,000 in November 2019, which was around 8% above the average November 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2010, where the current energy rating was E, and the potential energy rating was D.

MAY COTTAGE Sold Prices

Land registry data shows five sales for MAY COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the five MAY 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
2019 6 NOV	£295,000	£273,519	8% above HPI
2012 23 MAR	£250,000	£204,708	22% above HPI
2007 29 JUN	£307,500	£218,670	41% above HPI
2000 12 JUN	£150,000	£92,099	63% above HPI
1998 14 AUG	£135,000	£84,141	60% 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 five MAY COTTAGE sales between August 1998 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 March 2012 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the November 2019 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is MAY COTTAGE?

MAY COTTAGE is 63m², which includes one extension, according to the EPC inspection conducted in March 2010. This puts it in the smallest 10% of detached houses in Elston, based on EPC data. The below chart shows the distribution of detached houses by size in Elston, and where MAY COTTAGE lies on this distribution: 1% of detached houses are smaller than MAY COTTAGE, and 99% of houses are larger. Note that EPC data is not available for all properties in Elston.

MAY COTTAGE: Plot and Title Map

MAY COTTAGE sits on a plot of roughly 0.124 of an acre, or 502m². 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 TOAD LANE in ELSTON, in the NG23 postcode district. The below map shows the position of MAY COTTAGE on TOAD LANE.