RED LION COTTAGE, COTHERSTONE, BARNARD CASTLE, DL12 9QE - £214,000

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

RED LION COTTAGE is a very small extended detached house of 113m², built sometime between 1900 and 1929, which could now be worth an estimated £276,896. It was last sold for £214,000 in February 2006, which was around 18% above the average February 2006 detached price in the County Durham local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

RED LION COTTAGE Sold Prices

Land registry data shows three sales for RED LION 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 County Durham local authority area for the corresponding sale date. One of the three RED LION COTTAGE sales was for above the average price, whilst two 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
2006 3 FEB	£214,000	£181,297	18% above HPI
2004 26 MAY	£112,000	£141,401	21% below HPI
2001 30 MAR	£67,000	£80,843	17% below HPI

RED LION COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The three RED LION COTTAGE sales between March 2001 and February 2006 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 May 2004 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2006 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might RED LION COTTAGE be worth now?

RED LION COTTAGE might now be worth an estimated £276,896.

This is based on house price inflation of 29.4%, between February 2006 and December 2024, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.4% inflationary increase is applied to the most recent sale price for RED LION COTTAGE of £214,000 on 3rd February 2006. For the value to have increased from £214,000 to £276,896 over the seventeen years and two months to December 2024, the following assumptions must hold true:

• The value of RED LION COTTAGE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The February 2006 sale price of £214,000 represented a fair market value for the property.
• The size, condition, and specification of RED LION COTTAGE has not materially changed since February 2006.

How Large is RED LION COTTAGE?

RED LION COTTAGE is 113m², which includes two extensions, according to the EPC inspection conducted in March 2011. This puts it in the smallest 20% of detached houses houses in Cotherstone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cotherstone, and where RED LION COTTAGE lies on this distribution: 18% of detached houses houses are smaller than RED LION COTTAGE, and 82% of houses are larger. Note that EPC data is not available for all properties in Cotherstone.

RED LION COTTAGE: Plot and Title Map

RED LION COTTAGE sits on a plot of roughly 0.035 of an acre, or 141m². The below map shows the location of RED LION 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 RED LION 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 RED LION COTTAGE?

RED LION COTTAGE is located in COTHERSTONE, in the DL12 postcode district. The below map shows the position of RED LION COTTAGE in COTHERSTONE.