PORTLAND COTTAGE, PORTLAND TERRACE, HEXHAM, NE46 3DT - £340,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

PORTLAND COTTAGE is a large extended detached house of 176m², built sometime before 1900, which could now be worth an estimated £624,794. It was last sold for £340,000 in March 2004, which was around 76% above the average March 2004 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2019, where the current energy rating was E, and the potential energy rating was C.

PORTLAND COTTAGE Sold Prices

Land registry data shows two sales for PORTLAND 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. One of the two PORTLAND COTTAGE sales was for above the average price, whilst the other was 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
2004 12 MAR	£340,000	£193,491	76% above HPI
2002 26 SEP	£125,000	£142,261	12% below HPI

PORTLAND 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 PORTLAND COTTAGE sales from September 2002 and March 2004 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 September 2002 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2004 sale, where it rises to 76% above the HPI. The line then continues to track at 76% above the HPI.

What might PORTLAND COTTAGE be worth now?

PORTLAND COTTAGE might now be worth an estimated £624,794.

This is based on house price inflation of 83.8%, between March 2004 and December 2024, 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 83.8% inflationary increase is applied to the most recent sale price for PORTLAND COTTAGE of £340,000 on 12th March 2004. For the value to have increased from £340,000 to £624,794 over the nineteen years and three months to December 2024, the following assumptions must hold true:

• The value of PORTLAND COTTAGE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The March 2004 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of PORTLAND COTTAGE has not materially changed since March 2004.

How Large is PORTLAND COTTAGE?

PORTLAND COTTAGE is 176m², which includes four extensions, according to the EPC inspection conducted in July 2019. This puts it in the largest 30% of detached houses houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hexham, and where PORTLAND COTTAGE lies on this distribution: 76% of detached houses houses are smaller than PORTLAND COTTAGE, and 23% of houses are larger. Note that EPC data is not available for all properties in Hexham.

PORTLAND COTTAGE: Plot and Title Map

PORTLAND COTTAGE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of PORTLAND 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 PORTLAND 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 PORTLAND COTTAGE?

PORTLAND COTTAGE is located on PORTLAND TERRACE in HEXHAM, in the NE46 postcode district. The below map shows the position of PORTLAND COTTAGE on PORTLAND TERRACE.