PARK COTTAGE, HIGH SPEN, ROWLANDS GILL, NE39 2HG - £265,000

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

PARK COTTAGE is a very small extended detached house of 68m², built sometime between 1900 and 1929. It was last sold for £265,000 in April 2017, which was around 17% above the average April 2017 detached price in the Gateshead local authority area. The most recent EPC inspection was January 2017, where the current energy rating was E, and the potential energy rating was A.

PARK COTTAGE Sold Prices

Land registry data shows two sales for PARK 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 Gateshead local authority area for the corresponding sale date. Both of the two PARK 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
2017 27 APR	£265,000	£225,692	17% above HPI
2013 24 JUN	£235,000	£199,678	18% above HPI

PARK COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The two PARK COTTAGE sales from June 2013 and April 2017 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 2013 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the April 2017 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is PARK COTTAGE?

PARK COTTAGE is 68m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the smallest 10% of detached houses in High Spen, based on EPC data. The below chart shows the distribution of detached houses by size in High Spen, and where PARK COTTAGE lies on this distribution: 7% of detached houses are smaller than PARK COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in High Spen.

PARK COTTAGE: Plot and Title Map

PARK COTTAGE sits on a plot of roughly 0.239 of an acre, or 967m². The below map shows the location of PARK 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 PARK 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 PARK COTTAGE?

PARK COTTAGE is located in HIGH SPEN, in the NE39 postcode district. The below map shows the position of PARK COTTAGE in HIGH SPEN.