11, THE LEAZES, SHAWS LANE, HEXHAM, NE46 3BN - £665,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

11 THE LEAZES is a large detached house of 155m², built sometime between 1991 and 1995, which could now be worth an estimated £658,896. It was last sold for £665,000 in November 2024, which was around 85% above the average November 2024 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2021, where the current energy rating was B, and the potential energy rating was B.

11 THE LEAZES Sold Prices

Land registry data shows two sales for 11 THE LEAZES 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 11 THE LEAZES 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
2024 6 NOV	£665,000	£358,859	85% above HPI
2021 29 SEP	£560,000	£299,685	87% above HPI

11 THE LEAZES 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 11 THE LEAZES sales from September 2021 and November 2024 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 2021 sale was for 87% above the HPI. So the extrapolation line tracks at 87% above the HPI over time, until the November 2024 sale, where it falls to 85% above the HPI. The line then continues to track at 85% above the HPI.

What might 11 THE LEAZES be worth now?

11 THE LEAZES might now be worth an estimated £658,896.

This is based on house price deflation of 0.9%, between November 2024 and December 2024, 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 0.9% deflationary decrease is applied to the most recent sale price for 11 THE LEAZES of £665,000 on 6th November 2024. For the value to have decreased from £665,000 to £658,896 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 11 THE LEAZES has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The November 2024 sale price of £665,000 represented a fair market value for the property.
• The size, condition, and specification of 11 THE LEAZES has not materially changed since November 2024.

How Large is 11 THE LEAZES?

11 THE LEAZES is 155m² according to the EPC inspection conducted in August 2021. This puts it in the largest 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 11 THE LEAZES lies on this distribution: 65% of detached houses houses are smaller than 11 THE LEAZES, and 35% of houses are larger. Note that EPC data is not available for all properties in Hexham.

11 THE LEAZES: Plot and Title Map

11 THE LEAZES sits on a plot of roughly 0.553 of an acre, or 2,238m². The below map shows the location of 11 THE LEAZES, 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 11 THE LEAZES). 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 11 THE LEAZES?

11 THE LEAZES is located on SHAWS LANE in HEXHAM, in the NE46 postcode district. The below map shows the position of 11 THE LEAZES on SHAWS LANE.