BANK COTTAGE, ELLINGTON, MORPETH, NE61 5JJ - £465,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

BANK COTTAGE is a very large extended detached house of 275m², built sometime between 1976 and 1982. It was last sold for £465,000 in July 2022, which was around 51% above the average July 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

BANK COTTAGE Sold Prices

Land registry data shows two sales for BANK 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 Northumberland local authority area for the corresponding sale date. Both of the two BANK 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
2022 8 JUL	£465,000	£307,775	51% above HPI
2014 4 JUL	£340,000	£233,984	45% above HPI

BANK COTTAGE 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 two BANK COTTAGE sales from July 2014 and July 2022 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 2014 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the July 2022 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

How Large is BANK COTTAGE?

BANK COTTAGE is 275m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 10% of detached houses in Ellington, based on EPC data. The below chart shows the distribution of detached houses by size in Ellington, and where BANK COTTAGE lies on this distribution: 98% of detached houses are smaller than BANK COTTAGE, and 2% of houses are larger. Note that EPC data is not available for all properties in Ellington.

BANK COTTAGE: Plot and Title Map

BANK COTTAGE sits on a plot of roughly 0.190 of an acre, or 769m². The below map shows the location of BANK 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 BANK 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 BANK COTTAGE?

BANK COTTAGE is located in ELLINGTON, in the NE61 postcode district. The below map shows the position of BANK COTTAGE in ELLINGTON.