DURHAM COTTAGE, THROPTON, MORPETH, NE65 7NA - £140,000

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

DURHAM COTTAGE is a very small extended detached house of 74m², built sometime before 1900. It was last sold for £140,000 in October 2021, which was around 52% below the average October 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2016, where the current energy rating was F, and the potential energy rating was C.

DURHAM COTTAGE Sold Prices

Land registry data shows four sales for DURHAM COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the four DURHAM COTTAGE 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
2021 29 OCT	£140,000	£290,924	52% below HPI
2020 25 SEP	£130,000	£272,280	52% below HPI
2017 14 FEB	£90,000	£247,381	64% below HPI
2002 11 OCT	£44,000	£138,451	68% below HPI

DURHAM 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 four DURHAM COTTAGE sales between October 2002 and October 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 September 2020 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the October 2021 sale, which was also at 52% below the HPI.

How Large is DURHAM COTTAGE?

DURHAM COTTAGE is 74m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 10% of detached houses in Thropton, based on EPC data. The below chart shows the distribution of detached houses by size in Thropton, and where DURHAM COTTAGE lies on this distribution: 4% of detached houses are smaller than DURHAM COTTAGE, and 96% of houses are larger. Note that EPC data is not available for all properties in Thropton.

DURHAM COTTAGE: Plot and Title Map

DURHAM COTTAGE sits on a plot of roughly 0.022 of an acre, or 91m². The below map shows the location of DURHAM 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 DURHAM 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 DURHAM COTTAGE?

DURHAM COTTAGE is located in THROPTON, in the NE65 postcode district. The below map shows the position of DURHAM COTTAGE in THROPTON.