RIVERSIDE COTTAGE, WARK, HEXHAM, NE48 3LG - £315,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

RIVERSIDE COTTAGE is a very small extended detached house of 48m², built sometime before 1900. It was last sold for £315,000 in September 2022, which was around 3% below the average September 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

RIVERSIDE COTTAGE Sold Prices

Land registry data shows two sales for RIVERSIDE 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 RIVERSIDE 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
2022 23 SEP	£315,000	£325,457	3% below HPI
2019 11 SEP	£180,000	£260,720	31% below HPI

RIVERSIDE 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 RIVERSIDE COTTAGE sales from September 2019 and September 2022 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 2019 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2022 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is RIVERSIDE COTTAGE?

RIVERSIDE COTTAGE is 48m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 10% of detached houses in Wark, based on EPC data. The below chart shows the distribution of detached houses by size in Wark, and where RIVERSIDE COTTAGE lies on this distribution: Less than 1% of detached houses are smaller than RIVERSIDE COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Wark.

RIVERSIDE COTTAGE: Plot and Title Map

RIVERSIDE COTTAGE sits on a plot of roughly 0.211 of an acre, or 852m². The below map shows the location of RIVERSIDE 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 RIVERSIDE 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 RIVERSIDE COTTAGE?

RIVERSIDE COTTAGE is located in WARK, in the NE48 postcode district. The below map shows the position of RIVERSIDE COTTAGE in WARK.