LEA RIG, TWEED ROW, HORNCLIFFE, BERWICK-UPON-TWEED, TD15 2XL - £290,000

LEA RIG is a very small detached house of 101m², built sometime between 1983 and 1990. It was last sold for £290,000 in February 2023, which was around 11% below the average February 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was C.

LEA RIG Sold Prices

Land registry data shows three sales for LEA RIG 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 LEA RIG 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
2023 6 FEB	£290,000	£325,808	11% below HPI
2007 28 FEB	£240,000	£246,077	2% below HPI
1996 28 JUN	£58,000	£82,047	29% below HPI

LEA RIG 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 LEA RIG sales between June 1996 and February 2023 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 February 2007 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2023 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is LEA RIG?

LEA RIG is 101m² according to the EPC inspection conducted in December 2022. This puts it in the smallest 20% of detached houses in Horncliffe, based on EPC data. The below chart shows the distribution of detached houses by size in Horncliffe, and where LEA RIG lies on this distribution: 15% of detached houses are smaller than LEA RIG, and 85% of houses are larger. Note that EPC data is not available for all properties in Horncliffe.

LEA RIG: Plot and Title Map

LEA RIG sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of LEA RIG, 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 LEA RIG). 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 LEA RIG?

LEA RIG is located on TWEED ROW in HORNCLIFFE, in the TD15 postcode district. The below map shows the position of LEA RIG on TWEED ROW.