THE COTTAGE, SHAWS LANE, HEXHAM, NE46 3AP - £425,000

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

THE COTTAGE is a small detached house of 118m², built sometime between 1991 and 1995. It was last sold for £425,000 in April 2020, which was around 64% above the average April 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was D.

THE COTTAGE Sold Prices

Land registry data shows three sales for THE 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 THE 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
2020 3 APR	£425,000	£259,636	64% above HPI
2002 6 JUN	£140,000	£125,083	12% above HPI
1999 12 FEB	£125,000	£88,397	41% above 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 three THE COTTAGE sales between February 1999 and April 2020 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 2002 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the April 2020 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 118m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 40% 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: 31% of detached houses are smaller than THE COTTAGE, and 69% 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 50.2 acres, or 202,965m². 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 SHAWS LANE in HEXHAM, in the NE46 postcode district. The below map shows the position of THE COTTAGE on SHAWS LANE.