MOUNT VIEW COTTAGE, BURN VIEW DRIVE, OTTERBURN, NEWCASTLE UPON TYNE, NE19 1BA - £197,000

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.

MOUNT VIEW COTTAGE is a very small detached house of 65m², built sometime between 1991 and 1995, which could now be worth an estimated £277,804. It was last sold for £197,000 in May 2019, which was around 23% below the average May 2019 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

MOUNT VIEW COTTAGE Sold Prices

Land registry data shows two sales for MOUNT VIEW 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 MOUNT VIEW COTTAGE sales were for below 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
2019 29 MAY	£197,000	£255,138	23% below HPI
2018 16 FEB	£177,000	£266,036	33% below HPI

MOUNT VIEW 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 MOUNT VIEW COTTAGE sales from February 2018 and May 2019 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 February 2018 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the May 2019 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might MOUNT VIEW COTTAGE be worth now?

MOUNT VIEW COTTAGE might now be worth an estimated £277,804.

This is based on house price inflation of 41%, between May 2019 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 41% inflationary increase is applied to the most recent sale price for MOUNT VIEW COTTAGE of £197,000 on 29th May 2019. For the value to have increased from £197,000 to £277,804 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of MOUNT VIEW COTTAGE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The May 2019 sale price of £197,000 represented a fair market value for the property.
• The size, condition, and specification of MOUNT VIEW COTTAGE has not materially changed since May 2019.

How Large is MOUNT VIEW COTTAGE?

MOUNT VIEW COTTAGE is 65m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 10% of detached houses houses in Otterburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Otterburn, and where MOUNT VIEW COTTAGE lies on this distribution: 5% of detached houses houses are smaller than MOUNT VIEW COTTAGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Otterburn.

MOUNT VIEW COTTAGE: Plot and Title Map

MOUNT VIEW COTTAGE sits on a plot of roughly 0.287 of an acre, or 1,160m². The below map shows the location of MOUNT VIEW 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 MOUNT VIEW 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 MOUNT VIEW COTTAGE?

MOUNT VIEW COTTAGE is located on BURN VIEW DRIVE in OTTERBURN, in the NE19 postcode district. The below map shows the position of MOUNT VIEW COTTAGE on BURN VIEW DRIVE.