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

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.

16 PARK WELL is a very large detached house of 206m², which could now be worth an estimated £755,382. It was last sold for £615,000 in January 2021, which was around 110% 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	£292,925	110% above HPI
2017 13 OCT	£560,000	£266,471	110% 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 110% above the HPI. So the extrapolation line tracks at 110% above the HPI over time, until the January 2021 sale, which was also at 110% above the HPI.

What might 16 PARK WELL be worth now?

16 PARK WELL might now be worth an estimated £755,382.

This is based on house price inflation of 22.8%, between January 2021 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 22.8% inflationary increase is applied to the most recent sale price for 16 PARK WELL of £615,000 on 13th January 2021. For the value to have increased from £615,000 to £755,382 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 16 PARK WELL has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The January 2021 sale price of £615,000 represented a fair market value for the property.
• The size, condition, and specification of 16 PARK WELL has not materially changed since January 2021.

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 houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hexham, and where 16 PARK WELL lies on this distribution: 85% of detached houses 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 3,332.3 acres, or 13,485,184m². 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.