10, OAK CLOSE, HEXHAM, NE46 2RE - £390,000

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.

10 OAK CLOSE is a small detached house of 121m², built sometime between 1983 and 1990, which could now be worth an estimated £423,081. It was last sold for £390,000 in January 2023, which was around 18% above the average January 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

10 OAK CLOSE Sold Prices

Land registry data shows two sales for 10 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. Both of the two 10 OAK CLOSE 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
2023 12 JAN	£390,000	£331,657	18% above HPI
1999 30 JUL	£130,000	£101,180	28% above HPI

10 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 10 OAK CLOSE sales from July 1999 and January 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 July 1999 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the January 2023 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 10 OAK CLOSE be worth now?

10 OAK CLOSE might now be worth an estimated £423,081.

This is based on house price inflation of 8.5%, between January 2023 and February 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.5% inflationary increase is applied to the most recent sale price for 10 OAK CLOSE of £390,000 on 12th January 2023. For the value to have increased from £390,000 to £423,081 over the one year and eleven months to February 2025, the following assumptions must hold true:

• The value of 10 OAK CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The January 2023 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 10 OAK CLOSE has not materially changed since January 2023.

How Large is 10 OAK CLOSE?

10 OAK CLOSE is 121m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 40% of detached houses houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hexham, and where 10 OAK CLOSE lies on this distribution: 35% of detached houses houses are smaller than 10 OAK CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Hexham.

10 OAK CLOSE: Plot and Title Map

10 OAK CLOSE sits on a plot of roughly 0.168 of an acre, or 678m². The below map shows the location of 10 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 10 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 10 OAK CLOSE?

10 OAK CLOSE is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 10 on OAK CLOSE.