CASTLE FARM COTTAGE, BACKWORTH, NEWCASTLE UPON TYNE, NE27 0AU - £405,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

CASTLE FARM COTTAGE is a small extended detached house of 120m², built sometime before 1900, which could now be worth an estimated £434,678. It was last sold for £405,000 in April 2024, which was around 17% above the average April 2024 detached price in the North Tyneside local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

CASTLE FARM COTTAGE Sold Prices

Land registry data shows two sales for CASTLE FARM 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 North Tyneside local authority area for the corresponding sale date. One of the two CASTLE FARM COTTAGE sales was for above the average price, whilst the other was 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 5 APR	£405,000	£345,309	17% above HPI
2016 17 JUN	£135,000	£261,705	48% below HPI

CASTLE FARM COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Tyneside local authority area over time, sourced from the HPI. The two CASTLE FARM COTTAGE sales from June 2016 and April 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 June 2016 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the April 2024 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might CASTLE FARM COTTAGE be worth now?

CASTLE FARM COTTAGE might now be worth an estimated £434,678.

This is based on house price inflation of 7.3%, between April 2024 and December 2024, for detached houses, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.3% inflationary increase is applied to the most recent sale price for CASTLE FARM COTTAGE of £405,000 on 5th April 2024. For the value to have increased from £405,000 to £434,678 over the four months to December 2024, the following assumptions must hold true:

• The value of CASTLE FARM COTTAGE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The April 2024 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of CASTLE FARM COTTAGE has not materially changed since April 2024.

How Large is CASTLE FARM COTTAGE?

CASTLE FARM COTTAGE is 120m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the smallest 40% of detached houses houses in Backworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Backworth, and where CASTLE FARM COTTAGE lies on this distribution: 32% of detached houses houses are smaller than CASTLE FARM COTTAGE, and 66% of houses are larger. Note that EPC data is not available for all properties in Backworth.

CASTLE FARM COTTAGE: Plot and Title Map

CASTLE FARM COTTAGE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of CASTLE FARM 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 CASTLE FARM 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 CASTLE FARM COTTAGE?

CASTLE FARM COTTAGE is located in BACKWORTH, in the NE27 postcode district. The below map shows the position of CASTLE FARM COTTAGE in BACKWORTH.