2, GIBSON FIELDS, HEXHAM, NE46 1AS - £490,000

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

2 GIBSON FIELDS is a very large extended detached house of 211m², built sometime between 1996 and 2002. It was last sold for £490,000 in May 2023, which was around 56% above the average May 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

2 GIBSON FIELDS Sold Prices

Land registry data shows four sales for 2 GIBSON FIELDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the four 2 GIBSON FIELDS 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 19 MAY	£490,000	£313,596	56% above HPI
2016 4 MAY	£495,000	£242,024	105% above HPI
2005 26 SEP	£407,000	£231,316	76% above HPI
1999 17 DEC	£192,000	£100,431	91% above HPI

2 GIBSON FIELDS 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 four 2 GIBSON FIELDS sales between December 1999 and May 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 May 2016 sale was for 105% above the HPI. So the extrapolation line tracks at 105% above the HPI over time, until the May 2023 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

How Large is 2 GIBSON FIELDS?

2 GIBSON FIELDS is 211m², which includes one extension, according to the EPC inspection conducted in April 2016. 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 2 GIBSON FIELDS lies on this distribution: 86% of detached houses are smaller than 2 GIBSON FIELDS, and 14% of houses are larger. Note that EPC data is not available for all properties in Hexham.

2 GIBSON FIELDS: Plot and Title Map

2 GIBSON FIELDS sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 2 GIBSON FIELDS, 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 2 GIBSON FIELDS). 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 2 GIBSON FIELDS?

2 GIBSON FIELDS is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 2 on GIBSON FIELDS.