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

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.

GRACE COTTAGE is a very large detached house of 195m², built sometime between 1991 and 1995, which could now be worth an estimated £385,072. It was last sold for £340,000 in July 2022, which was around 7% 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	£317,676	7% above HPI
2010 24 JUN	£285,000	£249,017	14% above HPI
1999 17 DEC	£124,070	£103,662	20% 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 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the July 2022 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might GRACE COTTAGE be worth now?

GRACE COTTAGE might now be worth an estimated £385,072.

This is based on house price inflation of 13.3%, between July 2022 and February 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.3% inflationary increase is applied to the most recent sale price for GRACE COTTAGE of £340,000 on 11th July 2022. For the value to have increased from £340,000 to £385,072 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of GRACE COTTAGE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The July 2022 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of GRACE COTTAGE has not materially changed since July 2022.

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 houses in Redburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redburn, and where GRACE COTTAGE lies on this distribution: 86% of detached houses 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.