Elm Cottage, Low Street is a 3 bedroom detached house spread over 1,453 square feet, making it one of the bigger properties here - it is ranked as the 14th most expensive property* in NG23 5PA, with a valuation of £458,000.
Since it last sold in November 2018 for £335,000, its value has increased by £123,000.
We expect this property to be in very good condition (or is significantly more desirable for some other reason) based on its price per square foot.
At a sale price of £458k, we expect this property to be in a substantially better condition than the neighbouring properties in the road.
As it has a higher cost per square foot than the other properties in the road, we think it is more likely to be in good condition.
This can be caused by it having recently been refurbished to a high standard although it could also be because the property has more appealing architecture, a bigger garden, more parking spaces or a garage etc.
At a valuation of £458k this property has a cost per square foot of £315 - this is substantially more than the average for the area (which is currently £277).
If we valued this property using the average cost per square foot (CPSF):
The most paid for a property in Low Street, NG23 5PA was £550,000 in 2021.
| Date | Price | Change |
|---|---|---|
| Today's value* | £458,000 | 36.7% |
| 16 Nov 2018 | £335,000 | 3.1% |
| 29 Nov 2013 | £325,000 | 10.2% |
| 15 Apr 2005 | £295,000 | - |
Elm Cottage, Low Street, Elston has increased in price by £123,000 since it last sold in 2018 - this equates to a 5.9% rise each year.
At its last energy performance certificate inspection, it got an above average rating for this postcode with a score of 55 out of 100.
On a cost per square foot basis, this property is valued at 12% more than the other houses in this postcode.
This property is currently valued at £315 per square foot - the average cost per square foot for this postcode is £282.
A higher cost per square foot can indicate that the property is in a better condition than the other properties or that it has a bigger garden (for more information see our valuation review) of this property.
If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £527,000.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £437k and £479k.
The property didn't turn out to be a great investment for the previous owner - returning on average 0.6% per annum.
The previous owner had the property for 4 years, having purchased it in November 2013 for £325,000.
During this time, the price rose by £10,000 (3.1%), which equates to it increasing in value by .6% each year.
The property didn't turn out to be a great investment for the previous owner.
| Property | Valuation | ||
|---|---|---|---|
 |
Sunflower Cottage, Low Street
2 bed | 678 sq. ft. |
£219,000 | |
 |
Cob Cottage, Low Street
2 bed | 624 sq. ft. |
£227,000 | |
|
Orchard View, Low Street
990 sq.ft. |
£275,000 | ||
 |
Brentwood, Low Street
3 bed | 980 sq. ft. |
£317,000 | |
 |
Pemberton, Low Street
3 bed | 1302 sq. ft. |
£345,000 | |
 |
Chestnut Cottage, Low Street
4 bed | 1313 sq. ft. |
£367,000 | |
 |
Jasmine Cottage, Low Street
3 bed | 1507 sq. ft. |
£406,000 | |
|
White House, Low Street
1625 sq.ft. |
£483,000 | ||
|
The Corner House, Low Street
1324 sq.ft. |
£486,000 | ||
 |
Ardmore House, Low Street
4 bed |
£742,000 |
Most likely sale price: £458k
Our property valuation model calculates the latest property prices using data from trusted external sources in combination with available user-submitted information - this includes HM Land Registry which is the UK's official register for ownership of land and property in England and Wales.
The model takes into account what has sold, when and how prices have changed over time. It also brings in multiple datasources to cross reference accuracy with the latest sales data and cost per square foot benchmarks.
In addtion to this, we filter out bad data where we are able to identify it so we can improve accuracy.
If home improvements have been made or the property has been extended after it was last purchased, these improvements won't be taken into account if we don't know about them. For properties that have had home improvements made, you can get an updated valuation here.
A number of things can make a property more desirable and sell for more money per square foot than others in the area.
Some of the things that can cause a property to be worth more per square foot include:
We use multiple data sources to provide reliable property information to you.
Some of the data sources we use are:
* Excluding properties that we've been unable to calculate a valuation for.
** Excludes property transactions that occurred before 1995.
Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.
Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.
The latest HM Land registry data covers property transactions up until 31/03/2024 - this was released on the 29/04/2024.
