GRACE COTTAGE, HENSHAW, HEXHAM, NE47 7EP - £340,000

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

GRACE COTTAGE is a very large detached house of 195m², built sometime between 1991 and 1995. It was last sold for £340,000 in July 2022, which was around 10% above the average July 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was C.

GRACE COTTAGE Sold Prices

Land registry data shows three sales for GRACE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the three GRACE 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 11 JUL	£340,000	£307,775	10% above HPI
2010 24 JUN	£285,000	£241,256	18% above HPI
1999 17 DEC	£124,070	£100,431	24% above HPI

GRACE 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 three GRACE COTTAGE sales between December 1999 and July 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 June 2010 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the July 2022 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is GRACE COTTAGE?

GRACE COTTAGE is 195m² according to the EPC inspection conducted in March 2022. This puts it in the largest 20% of detached houses in Redburn, based on EPC data. The below chart shows the distribution of detached houses by size in Redburn, and where GRACE COTTAGE lies on this distribution: 86% of detached houses are smaller than GRACE COTTAGE, and 14% of houses are larger. Note that EPC data is not available for all properties in Redburn.

GRACE COTTAGE: Plot and Title Map

GRACE COTTAGE sits on a plot of roughly 0.375 of an acre, or 1,516m². The below map shows the location of GRACE 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 GRACE 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 GRACE COTTAGE?

GRACE COTTAGE is located in HENSHAW, in the NE47 postcode district. The below map shows the position of GRACE COTTAGE in HENSHAW.