THE COTTAGE, TOFTS LANE, HORNCLIFFE, BERWICK-UPON-TWEED, TD15 2XR - £240,000

THE COTTAGE is a very small extended detached house of 98m², built sometime before 1900. It was last sold for £240,000 in November 2023, which was around 32% below the average November 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2021, where the current energy rating was E, and the potential energy rating was D.

THE COTTAGE Sold Prices

Land registry data shows four sales for THE 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 Northumberland local authority area for the corresponding sale date. All of the four THE COTTAGE 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 24 NOV	£240,000	£352,190	32% below HPI
2003 30 MAY	£115,000	£155,513	26% below HPI
2003 18 MAR	£115,000	£143,589	20% below HPI
2001 6 APR	£85,000	£104,000	18% below 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 four THE COTTAGE sales between April 2001 and November 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 May 2003 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2023 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 98m², which includes two extensions, according to the EPC inspection conducted in October 2021. 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 THE COTTAGE lies on this distribution: 12% of detached houses are smaller than THE COTTAGE, and 88% of houses are larger. Note that EPC data is not available for all properties in Horncliffe.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.140 of an acre, or 566m². 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 TOFTS LANE in HORNCLIFFE, in the TD15 postcode district. The below map shows the position of THE COTTAGE on TOFTS LANE.