2, RIDLEY CLOSE, HEXHAM, NE46 2HY - £310,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 RIDLEY CLOSE is a small extended detached house of 112m², built sometime between 1976 and 1982, which could now be worth an estimated £426,237. It was last sold for £310,000 in December 2019, which was around 18% above the average December 2019 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was B.

2 RIDLEY CLOSE Sold Prices

Land registry data shows two sales for 2 RIDLEY 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 RIDLEY 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
2019 18 DEC	£310,000	£261,673	18% above HPI
2012 27 JUN	£250,000	£234,662	7% above HPI

2 RIDLEY 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 RIDLEY CLOSE sales from June 2012 and December 2019 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 2012 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the December 2019 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 2 RIDLEY CLOSE be worth now?

2 RIDLEY CLOSE might now be worth an estimated £426,237.

This is based on house price inflation of 37.5%, between December 2019 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 37.5% inflationary increase is applied to the most recent sale price for 2 RIDLEY CLOSE of £310,000 on 18th December 2019. For the value to have increased from £310,000 to £426,237 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 RIDLEY CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The December 2019 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RIDLEY CLOSE has not materially changed since December 2019.

How Large is 2 RIDLEY CLOSE?

2 RIDLEY CLOSE is 112m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the smallest 30% 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 2 RIDLEY CLOSE lies on this distribution: 26% of detached houses houses are smaller than 2 RIDLEY CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Hexham.

2 RIDLEY CLOSE: Plot and Title Map

2 RIDLEY CLOSE sits on a plot of roughly 28.9 acres, or 117,062m². The below map shows the location of 2 RIDLEY 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 RIDLEY 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 RIDLEY CLOSE?

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