THE COTTAGE, KIRKSTYLE, SOUTH PARK, HEXHAM, NE46 1BT - £279,500

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

THE COTTAGE is a very small extended detached house of 96m², built sometime between 1900 and 1929. It was last sold for £279,500 in February 2023, which was around 13% below the average February 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE 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 THE 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
2023 13 FEB	£279,500	£320,757	13% below HPI
2003 24 OCT	£165,000	£186,327	11% below HPI

THE 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 THE COTTAGE sales from October 2003 and February 2023 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 October 2003 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2023 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 96m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the smallest 20% of detached houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses by size in Hexham, and where THE COTTAGE lies on this distribution: 13% of detached houses are smaller than THE COTTAGE, and 86% of houses are larger. Note that EPC data is not available for all properties in Hexham.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 3.6 acres, or 14,432m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE, KIRKSTYLE is located on SOUTH PARK in HEXHAM, in the NE46 postcode district. The below map shows the position of THE COTTAGE, KIRKSTYLE on SOUTH PARK.