2, THE CHASE, HEXHAM, NE46 2LU - £342,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 THE CHASE is a very small detached house of 104m², built sometime between 1983 and 1990. It was last sold for £342,500 in January 2022, which was around 17% above the average January 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

2 THE CHASE Sold Prices

Land registry data shows five sales for 2 THE CHASE 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. All of the five 2 THE CHASE 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
2022 19 JAN	£342,500	£293,648	17% above HPI
2021 29 OCT	£340,000	£290,924	17% above HPI
2014 11 AUG	£285,000	£236,997	20% above HPI
2007 8 JUN	£315,000	£252,727	25% above HPI
2001 27 APR	£152,500	£104,000	47% above HPI

2 THE CHASE 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 THE CHASE sales between April 2001 and January 2022 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 2021 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the January 2022 sale, which was also at 17% above the HPI.

How Large is 2 THE CHASE?

2 THE CHASE is 104m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 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 THE CHASE lies on this distribution: 19% of detached houses are smaller than 2 THE CHASE, and 80% of houses are larger. Note that EPC data is not available for all properties in Hexham.

2 THE CHASE: Plot and Title Map

2 THE CHASE sits on a plot of roughly 0.165 of an acre, or 668m². The below map shows the location of 2 THE CHASE, 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 THE CHASE). 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 THE CHASE?

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