16, OAK CLOSE, HEXHAM, NE46 2RE - £280,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 OAK CLOSE is a very small detached house of 84m², built sometime between 1967 and 1975. It was last sold for £280,000 in January 2017, which was around 12% above the average January 2017 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

16 OAK CLOSE Sold Prices

Land registry data shows five sales for 16 OAK CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Most of the five 16 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
2017 20 JAN	£280,000	£249,008	12% above HPI
2011 19 SEP	£250,000	£230,709	8% above HPI
2001 12 APR	£106,250	£104,000	2% above HPI
1997 7 APR	£80,000	£87,434	9% below HPI
1995 29 SEP	£76,500	£79,968	4% below HPI

16 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 five 16 OAK CLOSE sales between September 1995 and January 2017 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 2011 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the January 2017 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 16 OAK CLOSE?

16 OAK CLOSE is 84m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 10% of detached houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses by size in Hexham, and where 16 OAK CLOSE lies on this distribution: 6% of detached houses are smaller than 16 OAK CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Hexham.

16 OAK CLOSE: Plot and Title Map

16 OAK CLOSE sits on a plot of roughly 18.8 acres, or 76,092m². The below map shows the location of 16 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 16 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 16 OAK CLOSE?

16 OAK CLOSE is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 16 on OAK CLOSE.