8, HAZEL COTTAGES, OTTERBURN, NEWCASTLE UPON TYNE, NE19 1LL - £250,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 HAZEL COTTAGES is a very small detached house of 82m², built sometime between 1991 and 1995. It was last sold for £250,000 in January 2024, which was around 24% below the average January 2024 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2023, where the current energy rating was E, and the potential energy rating was A.

8 HAZEL COTTAGES Sold Prices

Land registry data shows three sales for 8 HAZEL COTTAGES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the three 8 HAZEL COTTAGES sales were 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
2024 10 JAN	£250,000	£327,519	24% below HPI
2015 28 JAN	£140,000	£234,797	40% below HPI
2003 5 AUG	£110,000	£174,395	37% below HPI

8 HAZEL COTTAGES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The three 8 HAZEL COTTAGES sales between August 2003 and January 2024 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 January 2015 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the January 2024 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 8 HAZEL COTTAGES?

8 HAZEL COTTAGES is 82m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 20% of detached houses in Otterburn, based on EPC data. The below chart shows the distribution of detached houses by size in Otterburn, and where 8 HAZEL COTTAGES lies on this distribution: 15% of detached houses are smaller than 8 HAZEL COTTAGES, and 85% of houses are larger. Note that EPC data is not available for all properties in Otterburn.

8 HAZEL COTTAGES: Plot and Title Map

8 HAZEL COTTAGES sits on a plot of roughly 0.114 of an acre, or 462m². The below map shows the location of 8 HAZEL COTTAGES, 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 8 HAZEL COTTAGES). 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 8 HAZEL COTTAGES?

8 HAZEL COTTAGES is located in OTTERBURN, in the NE19 postcode district. The below map shows the position of No. 8 on HAZEL COTTAGES.