REIDS COTTAGE, REIDS LANE, SEGHILL, CRAMLINGTON, NE23 7TW - £309,000

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

REIDS COTTAGE is a very large detached house of 216m², built sometime between 2007 and 2011. It was last sold for £309,000 in September 2021, which was around 6% above the average September 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

REIDS COTTAGE Sold Prices

Land registry data shows four sales for REIDS COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. two of the four REIDS COTTAGE sales were for above the average price, and four 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
2021 24 SEP	£309,000	£290,345	6% above HPI
2016 6 JUN	£258,000	£240,792	7% above HPI
2014 21 MAR	£229,000	£231,455	1% below HPI
2009 25 NOV	£225,000	£246,153	9% below HPI

REIDS 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 four REIDS COTTAGE sales between November 2009 and September 2021 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 2016 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the September 2021 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is REIDS COTTAGE?

REIDS COTTAGE is 216m² according to the EPC inspection conducted in July 2021. This puts it in the largest 10% of detached houses in Seghill, based on EPC data. The below chart shows the distribution of detached houses by size in Seghill, and where REIDS COTTAGE lies on this distribution: 98% of detached houses are smaller than REIDS COTTAGE, and 2% of houses are larger. Note that EPC data is not available for all properties in Seghill.

REIDS COTTAGE: Plot and Title Map

REIDS COTTAGE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of REIDS 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 REIDS 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 REIDS COTTAGE?

REIDS COTTAGE is located on REIDS LANE in SEGHILL, in the NE23 postcode district. The below map shows the position of REIDS COTTAGE on REIDS LANE.