THE OLD COTTAGE, BACKWORTH, NEWCASTLE UPON TYNE, NE27 0AL - £399,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE OLD COTTAGE is a very large detached house of 181m², built sometime before 1900, which could now be worth an estimated £525,060. It was last sold for £399,950 in August 2019, which was around 41% above the average August 2019 detached price in the North Tyneside local authority area. The most recent EPC inspection was April 2019, where the current energy rating was E, and the potential energy rating was C.

THE OLD COTTAGE Sold Prices

Land registry data shows four sales for THE OLD COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. Most of the four THE OLD 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
2019 19 AUG	£399,950	£283,846	41% above HPI
2012 1 OCT	£295,000	£226,467	30% above HPI
2000 4 AUG	£199,000	£96,649	106% above HPI
1998 15 MAY	£55,000	£85,605	36% below HPI

THE OLD COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Tyneside local authority area over time, sourced from the HPI. The four THE OLD COTTAGE sales between May 1998 and August 2019 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 2012 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the August 2019 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might THE OLD COTTAGE be worth now?

THE OLD COTTAGE might now be worth an estimated £525,060.

This is based on house price inflation of 31.3%, between August 2019 and February 2025, for detached houses, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.3% inflationary increase is applied to the most recent sale price for THE OLD COTTAGE of £399,950 on 19th August 2019. For the value to have increased from £399,950 to £525,060 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of THE OLD COTTAGE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The August 2019 sale price of £399,950 represented a fair market value for the property.
• The size, condition, and specification of THE OLD COTTAGE has not materially changed since August 2019.

How Large is THE OLD COTTAGE?

THE OLD COTTAGE is 181m² according to the EPC inspection conducted in April 2019. This puts it in the largest 10% of detached houses houses in Backworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Backworth, and where THE OLD COTTAGE lies on this distribution: 98% of detached houses houses are smaller than THE OLD COTTAGE, and 2% of houses are larger. Note that EPC data is not available for all properties in Backworth.

THE OLD COTTAGE: Plot and Title Map

THE OLD COTTAGE sits on a plot of roughly 0.172 of an acre, or 698m². The below map shows the location of THE OLD 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 OLD 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 OLD COTTAGE?

THE OLD COTTAGE is located in BACKWORTH, in the NE27 postcode district. The below map shows the position of THE OLD COTTAGE in BACKWORTH.