WHEATS COTTAGE, MAIN STREET, SOUTH SCARLE, NEWARK, NG23 7JH - £390,000

WHEATS COTTAGE is a midsized extended detached house of 173m², built sometime before 1900. It was last sold for £390,000 in June 2021, which was around 33% above the average June 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2020, where the current energy rating was F, and the potential energy rating was D.

WHEATS COTTAGE Sold Prices

Land registry data shows five sales for WHEATS 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 WHEATS 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
2021 25 JUN	£390,000	£293,503	33% above HPI
2016 22 APR	£320,000	£236,288	35% above HPI
2013 26 NOV	£295,000	£203,347	45% above HPI
2003 2 MAY	£200,000	£155,031	29% above HPI
1997 31 OCT	£97,000	£79,464	22% above HPI

WHEATS 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 WHEATS COTTAGE sales between October 1997 and June 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 April 2016 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the June 2021 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is WHEATS COTTAGE?

WHEATS COTTAGE is 173m², which includes four extensions, according to the EPC inspection conducted in September 2020. This puts it in the largest 50% of detached houses in South Scarle, based on EPC data. The below chart shows the distribution of detached houses by size in South Scarle, and where WHEATS COTTAGE lies on this distribution: 56% of detached houses are smaller than WHEATS COTTAGE, and 44% of houses are larger. Note that EPC data is not available for all properties in South Scarle.

WHEATS COTTAGE: Plot and Title Map

WHEATS COTTAGE sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of WHEATS 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 WHEATS 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 WHEATS COTTAGE?

WHEATS COTTAGE is located on MAIN STREET in SOUTH SCARLE, in the NG23 postcode district. The below map shows the position of WHEATS COTTAGE on MAIN STREET.