2, MILBURN CLOSE, HEXHAM, NE46 2NY - £385,000

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 MILBURN CLOSE is a large extended detached house of 149m², built sometime between 1983 and 1990. It was last sold for £385,000 in April 2023, which was around 21% above the average April 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was C.

2 MILBURN CLOSE Sold Prices

Land registry data shows two sales for 2 MILBURN CLOSE 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 2 MILBURN 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
2023 28 APR	£385,000	£318,312	21% above HPI
2020 14 FEB	£313,000	£255,356	23% above HPI

2 MILBURN 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 two 2 MILBURN CLOSE sales from February 2020 and April 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 February 2020 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the April 2023 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 2 MILBURN CLOSE?

2 MILBURN CLOSE is 149m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the largest 40% 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 MILBURN CLOSE lies on this distribution: 62% of detached houses are smaller than 2 MILBURN CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Hexham.

2 MILBURN CLOSE: Plot and Title Map

2 MILBURN CLOSE sits on a plot of roughly 0.108 of an acre, or 435m². The below map shows the location of 2 MILBURN 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 MILBURN 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 MILBURN CLOSE?

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