16, PARK WELL, HEXHAM, NE46 1AQ - £615,000

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 PARK WELL is a very large detached house of 206m². It was last sold for £615,000 in January 2021, which was around 117% above the average January 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2017, where the current energy rating was A, and the potential energy rating was A.

16 PARK WELL Sold Prices

Land registry data shows two sales for 16 PARK WELL 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 16 PARK WELL 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
2021 13 JAN	£615,000	£283,795	117% above HPI
2017 13 OCT	£560,000	£258,166	117% above HPI

16 PARK WELL 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 16 PARK WELL sales from October 2017 and January 2021 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 October 2017 sale was for 117% above the HPI. So the extrapolation line tracks at 117% above the HPI over time, until the January 2021 sale, which was also at 117% above the HPI.

How Large is 16 PARK WELL?

16 PARK WELL is 206m² according to the EPC inspection conducted in May 2017. This puts it in the largest 20% 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 PARK WELL lies on this distribution: 85% of detached houses are smaller than 16 PARK WELL, and 15% of houses are larger. Note that EPC data is not available for all properties in Hexham.

16 PARK WELL: Plot and Title Map

16 PARK WELL sits on a plot of roughly 0.175 of an acre, or 709m². The below map shows the location of 16 PARK WELL, 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 PARK WELL). 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 PARK WELL?

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