MAYFIELD COTTAGE, MAIN STREET, FARNSFIELD, NEWARK, NG22 8EA - £485,000

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.

MAYFIELD COTTAGE is a very large extended detached house of 257m², built sometime before 1900, which could now be worth an estimated £643,904. It was last sold for £485,000 in May 2018, which was around 81% above the average May 2018 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2012, where the current energy rating was E, and the potential energy rating was C.

MAYFIELD COTTAGE Sold Prices

Land registry data shows two sales for MAYFIELD COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two MAYFIELD 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
2018 31 MAY	£485,000	£267,466	81% above HPI
2002 19 JUL	£250,000	£140,156	78% above HPI

MAYFIELD 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 two MAYFIELD COTTAGE sales from July 2002 and May 2018 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 2002 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the May 2018 sale, where it rises to 81% above the HPI. The line then continues to track at 81% above the HPI.

What might MAYFIELD COTTAGE be worth now?

MAYFIELD COTTAGE might now be worth an estimated £643,904.

This is based on house price inflation of 32.8%, between May 2018 and March 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 32.8% inflationary increase is applied to the most recent sale price for MAYFIELD COTTAGE of £485,000 on 31st May 2018. For the value to have increased from £485,000 to £643,904 over the seven years and two months to March 2025, the following assumptions must hold true:

• The value of MAYFIELD COTTAGE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The May 2018 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of MAYFIELD COTTAGE has not materially changed since May 2018.

How Large is MAYFIELD COTTAGE?

MAYFIELD COTTAGE is 257m², which includes two extensions, according to the EPC inspection conducted in June 2012. This puts it in the largest 10% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where MAYFIELD COTTAGE lies on this distribution: 96% of detached houses houses are smaller than MAYFIELD COTTAGE, and 4% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

MAYFIELD COTTAGE: Plot and Title Map

MAYFIELD COTTAGE sits on a plot of roughly 0.112 of an acre, or 453m². The below map shows the location of MAYFIELD 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 MAYFIELD 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 MAYFIELD COTTAGE?

MAYFIELD COTTAGE is located on MAIN STREET in FARNSFIELD, in the NG22 postcode district. The below map shows the position of MAYFIELD COTTAGE on MAIN STREET.