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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE COTTAGE is a small detached house of 118m², built sometime between 1991 and 1995, which could now be worth an estimated £570,586. It was last sold for £425,000 in April 2020, which was around 59% 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	£267,988	59% above HPI
2002 6 JUN	£140,000	£129,106	8% above HPI
1999 12 FEB	£125,000	£91,240	37% 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 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the April 2020 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £570,586.

This is based on house price inflation of 34.3%, between April 2020 and February 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34.3% inflationary increase is applied to the most recent sale price for THE COTTAGE of £425,000 on 3rd April 2020. For the value to have increased from £425,000 to £570,586 over the five years and two months to February 2025, the following assumptions must hold true:

• The value of THE COTTAGE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The April 2020 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since April 2020.

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 houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hexham, and where THE COTTAGE lies on this distribution: 31% of detached houses 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.