THE COTTAGE, ROCKWOOD HILL ROAD, GREENSIDE, RYTON, NE40 4AR - £144,000

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

THE COTTAGE is a very small extended detached house of 78m², built sometime before 1900. It was last sold for £144,000 in September 2022, which was around 48% below the average September 2022 detached price in the Gateshead local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was B.

THE COTTAGE Sold Prices

Land registry data shows five sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the five 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
2022 16 SEP	£144,000	£275,193	48% below HPI
2005 19 JAN	£128,000	£189,736	33% below HPI
2003 25 NOV	£115,000	£161,847	29% below HPI
2002 9 MAY	£69,950	£107,665	35% below HPI
1997 1 AUG	£47,000	£78,179	40% below HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The five THE COTTAGE sales between August 1997 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 January 2005 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2022 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 78m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% of detached houses in Greenside, based on EPC data. The below chart shows the distribution of detached houses by size in Greenside, and where THE COTTAGE lies on this distribution: 10% of detached houses are smaller than THE COTTAGE, and 87% of houses are larger. Note that EPC data is not available for all properties in Greenside.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.025 of an acre, or 101m². 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 is located on ROCKWOOD HILL ROAD in GREENSIDE, in the NE40 postcode district. The below map shows the position of THE COTTAGE on ROCKWOOD HILL ROAD.