ELM COTTAGE, LEAD ROAD, GREENSIDE, RYTON, NE40 4JU - £263,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

ELM COTTAGE is a large extended detached house of 153m², built sometime before 1900. It was last sold for £263,000 in May 2011, which was around 30% above the average May 2011 detached price in the Gateshead local authority area. The most recent EPC inspection was March 2011, where the current energy rating was E, and the potential energy rating was D.

ELM COTTAGE Sold Prices

Land registry data shows four sales for ELM 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 Gateshead local authority area for the corresponding sale date. All of the four ELM 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
2011 20 MAY	£263,000	£201,723	30% above HPI
2007 27 JUL	£235,000	£225,343	4% above HPI
2003 3 NOV	£200,000	£161,847	24% above HPI
2001 23 MAR	£145,000	£92,605	57% above HPI

ELM COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The four ELM COTTAGE sales between March 2001 and May 2011 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 2007 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the May 2011 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is ELM COTTAGE?

ELM COTTAGE is 153m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the largest 40% of detached houses in Greenside, based on EPC data. The below chart shows the distribution of detached houses by size in Greenside, and where ELM COTTAGE lies on this distribution: 69% of detached houses are smaller than ELM COTTAGE, and 31% of houses are larger. Note that EPC data is not available for all properties in Greenside.

ELM COTTAGE: Plot and Title Map

ELM COTTAGE sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of ELM 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 ELM 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 ELM COTTAGE?

ELM COTTAGE is located on LEAD ROAD in GREENSIDE, in the NE40 postcode district. The below map shows the position of ELM COTTAGE on LEAD ROAD.