FERN COTTAGE, KNITSLEY LANE, CONSETT, DH8 7PA - £275,000

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

FERN COTTAGE is a large extended detached house of 119m², built sometime before 1900. It was last sold for £275,000 in July 2016, which was around 68% above the average July 2016 detached price in the County Durham local authority area. The most recent EPC inspection was January 2016, where the current energy rating was F, and the potential energy rating was B.

FERN COTTAGE Sold Prices

Land registry data shows two sales for FERN 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 County Durham local authority area for the corresponding sale date. Both of the two FERN 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
2016 8 JUL	£275,000	£163,495	68% above HPI
1998 28 AUG	£108,500	£73,393	48% above HPI

FERN COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The two FERN COTTAGE sales from August 1998 and July 2016 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 August 1998 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the July 2016 sale, where it rises to 68% above the HPI. The line then continues to track at 68% above the HPI.

How Large is FERN COTTAGE?

FERN COTTAGE is 119m², which includes three extensions, according to the EPC inspection conducted in January 2016. This puts it in the largest 40% of detached houses in Consett, based on EPC data. The below chart shows the distribution of detached houses by size in Consett, and where FERN COTTAGE lies on this distribution: 63% of detached houses are smaller than FERN COTTAGE, and 37% of houses are larger. Note that EPC data is not available for all properties in Consett.

FERN COTTAGE: Plot and Title Map

FERN COTTAGE sits on a plot of roughly 0.981 of an acre, or 3,969m². The below map shows the location of FERN 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 FERN 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 FERN COTTAGE?

FERN COTTAGE is located on KNITSLEY LANE in CONSETT, in the DH8 postcode district. The below map shows the position of FERN COTTAGE on KNITSLEY LANE.