12, THE CHASE, HEXHAM, NE46 2LU - £380,000

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

12 THE CHASE is a small detached house of 105m², built sometime between 1996 and 2002, which could now be worth an estimated £408,109. It was last sold for £380,000 in February 2023, which was around 15% above the average February 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

12 THE CHASE Sold Prices

Land registry data shows eight sales for 12 THE CHASE since 1^st January 1995. The below table shows the price paid for the eight sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the eight 12 THE CHASE 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 10 FEB	£380,000	£331,075	15% above HPI
2020 14 FEB	£290,000	£263,571	10% above HPI
2013 22 FEB	£285,000	£228,893	25% above HPI
2007 28 JUN	£306,000	£260,857	17% above HPI
2005 29 JUL	£304,000	£234,088	30% above HPI
2002 19 JUN	£182,500	£129,106	41% above HPI
2000 19 JUL	£132,000	£104,745	26% above HPI
1999 18 JAN	£127,000	£94,162	35% above HPI

12 THE CHASE 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 eight 12 THE CHASE sales between January 1999 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 2020 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the February 2023 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 12 THE CHASE be worth now?

12 THE CHASE might now be worth an estimated £408,109.

This is based on house price inflation of 7.4%, between February 2023 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 7.4% inflationary increase is applied to the most recent sale price for 12 THE CHASE of £380,000 on 10th February 2023. For the value to have increased from £380,000 to £408,109 over the two months to December 2024, the following assumptions must hold true:

• The value of 12 THE CHASE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The February 2023 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 12 THE CHASE has not materially changed since February 2023.

How Large is 12 THE CHASE?

12 THE CHASE is 105m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 30% 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 12 THE CHASE lies on this distribution: 20% of detached houses houses are smaller than 12 THE CHASE, and 79% of houses are larger. Note that EPC data is not available for all properties in Hexham.

12 THE CHASE: Plot and Title Map

12 THE CHASE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 12 THE CHASE, 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 12 THE CHASE). 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 12 THE CHASE?

12 THE CHASE is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 12 on THE CHASE.