FURNACE COTTAGE, SPRINGWOOD ROAD, NEWCASTLE, ST5 6BP - £250,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

FURNACE COTTAGE is a midsized extended semi-detached house of 103m², built sometime before 1900, which could now be worth an estimated £263,585. It was last sold for £250,000 in August 2022, which was around 40% above the average August 2022 semi-detached price in the Newcastle-under-Lyme local authority area. The most recent EPC inspection was September 2018, where the current energy rating was G, and the potential energy rating was D.

FURNACE COTTAGE Sold Prices

Land registry data shows three sales for FURNACE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Newcastle-under-Lyme local authority area for the corresponding sale date. All of the three FURNACE 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
2022 5 AUG	£250,000	£177,986	40% above HPI
2017 20 OCT	£155,000	£131,035	18% above HPI
2000 16 MAY	£130,000	£43,541	199% above HPI

FURNACE COTTAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Newcastle-under-Lyme local authority area over time, sourced from the HPI. The three FURNACE COTTAGE sales between May 2000 and August 2022 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 2017 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the August 2022 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might FURNACE COTTAGE be worth now?

FURNACE COTTAGE might now be worth an estimated £263,585.

This is based on house price inflation of 5.4%, between August 2022 and February 2025, for semi-detached houses, in the Newcastle-under-Lyme local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.4% inflationary increase is applied to the most recent sale price for FURNACE COTTAGE of £250,000 on 5th August 2022. For the value to have increased from £250,000 to £263,585 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of FURNACE COTTAGE has moved in line with the HPI for semi-detached houses in the Newcastle-under-Lyme local authority area.
• The August 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of FURNACE COTTAGE has not materially changed since August 2022.

How Large is FURNACE COTTAGE?

FURNACE COTTAGE is 103m², which includes four extensions, according to the EPC inspection conducted in September 2018. This puts it in the smallest 50% of semi-detached houses houses in Newcastle-under-Lyme, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Newcastle-under-Lyme, and where FURNACE COTTAGE lies on this distribution: 45% of semi-detached houses houses are smaller than FURNACE COTTAGE, and 54% of houses are larger. Note that EPC data is not available for all properties in Newcastle-under-Lyme.

FURNACE COTTAGE: Plot and Title Map

FURNACE COTTAGE sits on a plot of roughly 0.176 of an acre, or 711m². The below map shows the location of FURNACE 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 FURNACE 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 FURNACE COTTAGE?

FURNACE COTTAGE is located on SPRINGWOOD ROAD in NEWCASTLE, in the ST5 postcode district. The below map shows the position of FURNACE COTTAGE on SPRINGWOOD ROAD.