1, OAK CLOSE, HEXHAM, NE46 2RE - £235,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 OAK CLOSE is a small detached house of 120m², built sometime between 1983 and 1990. It was last sold for £235,000 in June 2011, which was around 2% below the average June 2011 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

1 OAK CLOSE Sold Prices

Land registry data shows two sales for 1 OAK CLOSE 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. One of the two 1 OAK CLOSE sales was for below the average price, whilst the other was 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
2011 3 JUN	£235,000	£240,653	2% below HPI
1996 10 SEP	£88,000	£85,697	3% above HPI

1 OAK CLOSE 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 1 OAK CLOSE sales from September 1996 and June 2011 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 1996 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the June 2011 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 1 OAK CLOSE?

1 OAK CLOSE is 120m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 40% of detached houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses by size in Hexham, and where 1 OAK CLOSE lies on this distribution: 33% of detached houses are smaller than 1 OAK CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Hexham.

1 OAK CLOSE: Plot and Title Map

1 OAK CLOSE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 1 OAK CLOSE, 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 1 OAK CLOSE). 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 1 OAK CLOSE?

1 OAK CLOSE is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 1 on OAK CLOSE.