2, HOME FARM CLOSE, ASHINGTON, NE63 8QX - £290,000

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.

2 HOME FARM CLOSE is a large extended detached house of 122m², built sometime between 1991 and 1995, which could now be worth an estimated £318,325. It was last sold for £290,000 in June 2023, which was around 12% below the average June 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

2 HOME FARM CLOSE Sold Prices

Land registry data shows five sales for 2 HOME FARM 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 2 HOME FARM CLOSE sales were for below 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 16 JUN	£290,000	£327,774	12% below HPI
2016 6 JUN	£232,500	£248,538	6% below HPI
2012 26 JUN	£195,000	£234,662	17% below HPI
2009 22 APR	£220,000	£227,136	3% below HPI
1995 29 SEP	£84,000	£82,540	2% above HPI

2 HOME FARM 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 2 HOME FARM CLOSE sales between September 1995 and June 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 June 2016 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the June 2023 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 HOME FARM CLOSE be worth now?

2 HOME FARM CLOSE might now be worth an estimated £318,325.

This is based on house price inflation of 9.8%, between June 2023 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 9.8% inflationary increase is applied to the most recent sale price for 2 HOME FARM CLOSE of £290,000 on 16th June 2023. For the value to have increased from £290,000 to £318,325 over the two years and four months to February 2025, the following assumptions must hold true:

• The value of 2 HOME FARM CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The June 2023 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HOME FARM CLOSE has not materially changed since June 2023.

How Large is 2 HOME FARM CLOSE?

2 HOME FARM CLOSE is 122m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the largest 30% of detached houses houses in Ashington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ashington, and where 2 HOME FARM CLOSE lies on this distribution: 71% of detached houses houses are smaller than 2 HOME FARM CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Ashington.

2 HOME FARM CLOSE: Plot and Title Map

2 HOME FARM CLOSE sits on a plot of roughly 267.4 acres, or 1,082,050m². The below map shows the location of 2 HOME FARM 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 2 HOME FARM 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 2 HOME FARM CLOSE?

2 HOME FARM CLOSE is located in ASHINGTON, in the NE63 postcode district. The below map shows the position of No. 2 on HOME FARM CLOSE.