FAIRLEADS, LONG RIGG, RIDING MILL, NE44 6AL - £550,000

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

FAIRLEADS is a large extended detached house of 221m², built sometime between 1967 and 1975. It was last sold for £550,000 in September 2015, which was around 119% above the average September 2015 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2015, where the current energy rating was E, and the potential energy rating was C.

FAIRLEADS Sold Prices

Land registry data shows two sales for FAIRLEADS 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 FAIRLEADS 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
2015 24 SEP	£550,000	£251,501	119% above HPI
1999 15 OCT	£210,000	£97,743	115% above HPI

FAIRLEADS 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 FAIRLEADS sales from October 1999 and September 2015 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 October 1999 sale was for 115% above the HPI. So the extrapolation line tracks at 115% above the HPI over time, until the September 2015 sale, where it rises to 119% above the HPI. The line then continues to track at 119% above the HPI.

How Large is FAIRLEADS?

FAIRLEADS is 221m², which includes three extensions, according to the EPC inspection conducted in June 2015. This puts it in the largest 30% of detached houses in Riding Mill, based on EPC data. The below chart shows the distribution of detached houses by size in Riding Mill, and where FAIRLEADS lies on this distribution: 75% of detached houses are smaller than FAIRLEADS, and 25% of houses are larger. Note that EPC data is not available for all properties in Riding Mill.

FAIRLEADS: Plot and Title Map

FAIRLEADS sits on a plot of roughly 0.659 of an acre, or 2,668m². The below map shows the location of FAIRLEADS, 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 FAIRLEADS). 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 FAIRLEADS?

FAIRLEADS is located on LONG RIGG in RIDING MILL, in the NE44 postcode district. The below map shows the position of FAIRLEADS on LONG RIGG.