SUMMER COTTAGE, NEWCASTLE ROAD, CORBRIDGE, NE45 5LQ - £846,000

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

SUMMER COTTAGE is a very large extended semi-detached house of 318m², built sometime before 1900. It was last sold for £846,000 in December 2013, which was around 268% above the average December 2013 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2024, where the current energy rating was D, and the potential energy rating was C.

SUMMER COTTAGE Sold Prices

Land registry data shows three sales for SUMMER 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 Northumberland local authority area for the corresponding sale date. All of the three SUMMER 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
2013 5 DEC	£846,000	£229,709	268% above HPI
2005 30 SEP	£550,000	£231,316	138% above HPI
2002 11 OCT	£250,000	£138,451	81% above HPI

SUMMER 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 three SUMMER COTTAGE sales between October 2002 and December 2013 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 2005 sale was for 138% above the HPI. So the extrapolation line tracks at 138% above the HPI over time, until the December 2013 sale, where it rises to 268% above the HPI. The line then continues to track at 268% above the HPI.

How Large is SUMMER COTTAGE?

SUMMER COTTAGE is 318m², which includes two extensions, according to the EPC inspection conducted in April 2024. This puts it in the largest 10% of detached houses in Corbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Corbridge, and where SUMMER COTTAGE lies on this distribution: 97% of detached houses are smaller than SUMMER COTTAGE, and 3% of houses are larger. Note that EPC data is not available for all properties in Corbridge.

SUMMER COTTAGE: Plot and Title Map

SUMMER COTTAGE sits on a plot of roughly 0.188 of an acre, or 760m². The below map shows the location of SUMMER 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 SUMMER 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 SUMMER COTTAGE?

SUMMER COTTAGE is located on NEWCASTLE ROAD in CORBRIDGE, in the NE45 postcode district. The below map shows the position of SUMMER COTTAGE on NEWCASTLE ROAD.