WESTWOOD, MARCHBURN LANE, RIDING MILL, NE44 6DN - £550,000

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

WESTWOOD is a very large detached house of 290m², built sometime between 1900 and 1929. It was last sold for £550,000 in March 2014, which was around 138% above the average March 2014 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2013, where the current energy rating was F, and the potential energy rating was D.

WESTWOOD Sold Prices

Land registry data shows two sales for WESTWOOD 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 WESTWOOD 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
2014 7 MAR	£550,000	£231,455	138% above HPI
2001 21 SEP	£424,000	£114,504	270% above HPI

WESTWOOD 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 WESTWOOD sales from September 2001 and March 2014 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 September 2001 sale was for 270% above the HPI. So the extrapolation line tracks at 270% above the HPI over time, until the March 2014 sale, where it falls to 138% above the HPI. The line then continues to track at 138% above the HPI.

How Large is WESTWOOD?

WESTWOOD is 290m² according to the EPC inspection conducted in July 2013. This puts it in the largest 20% of detached houses in Riding Mill, based on EPC data. The below chart shows the distribution of detached houses by size in Riding Mill, and where WESTWOOD lies on this distribution: 88% of detached houses are smaller than WESTWOOD, and 12% of houses are larger. Note that EPC data is not available for all properties in Riding Mill.

WESTWOOD: Plot and Title Map

WESTWOOD sits on a plot of roughly 0.917 of an acre, or 3,711m². The below map shows the location of WESTWOOD, 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 WESTWOOD). 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 WESTWOOD?

WESTWOOD is located on MARCHBURN LANE in RIDING MILL, in the NE44 postcode district. The below map shows the position of WESTWOOD on MARCHBURN LANE.