MILL COTTAGE, BOAT ROAD, BELLINGHAM, HEXHAM, NE48 2AP - £499,500

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

MILL COTTAGE is a very large extended detached house of 291m², built sometime before 1900. It was last sold for £499,500 in November 2014, which was around 111% above the average November 2014 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was C.

MILL COTTAGE Sold Prices

Land registry data shows two sales for MILL 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 Northumberland local authority area for the corresponding sale date. Both of the two MILL 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
2014 14 NOV	£499,500	£236,823	111% above HPI
2001 28 OCT	£225,000	£115,150	95% above HPI

MILL 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 two MILL COTTAGE sales from October 2001 and November 2014 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 2001 sale was for 95% above the HPI. So the extrapolation line tracks at 95% above the HPI over time, until the November 2014 sale, where it rises to 111% above the HPI. The line then continues to track at 111% above the HPI.

How Large is MILL COTTAGE?

MILL COTTAGE is 291m², which includes three extensions, according to the EPC inspection conducted in April 2013. This puts it in the largest 10% of detached houses in Bellingham, based on EPC data. The below chart shows the distribution of detached houses by size in Bellingham, and where MILL COTTAGE lies on this distribution: 93% of detached houses are smaller than MILL COTTAGE, and 7% of houses are larger. Note that EPC data is not available for all properties in Bellingham.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 3.1 acres, or 12,697m². The below map shows the location of MILL 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 MILL 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 MILL COTTAGE?

MILL COTTAGE is located on BOAT ROAD in BELLINGHAM, in the NE48 postcode district. The below map shows the position of MILL COTTAGE on BOAT ROAD.