2, THE GLEBE, WARK, HEXHAM, NE48 3BF - £74,303

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 THE GLEBE is a very small semi-detached house of 112m², built sometime between 2003 and 2006, which could now be worth an estimated £104,745. It was last sold for £74,303 in September 2008, which was around 46% below the average September 2008 semi-detached price in the Northumberland local authority area. The most recent EPC inspection was January 2025, where the current energy rating was D, and the potential energy rating was A.

2 THE GLEBE Sold Prices

Land registry data shows two sales for 2 THE GLEBE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Northumberland local authority area for the corresponding sale date. One of the two 2 THE GLEBE sales was for below the average price, whilst the other was 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
2008 3 SEP	£74,303	£138,502	46% below HPI
2006 31 JUL	£220,000	£138,309	59% above HPI

2 THE GLEBE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Northumberland local authority area over time, sourced from the HPI. The two 2 THE GLEBE sales from July 2006 and September 2008 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 July 2006 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the September 2008 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 2 THE GLEBE be worth now?

2 THE GLEBE might now be worth an estimated £104,745.

This is based on house price inflation of 41%, between September 2008 and February 2025, for semi-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 41% inflationary increase is applied to the most recent sale price for 2 THE GLEBE of £74,303 on 3rd September 2008. For the value to have increased from £74,303 to £104,745 over the seventeen years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 THE GLEBE has moved in line with the HPI for semi-detached houses in the Northumberland local authority area.
• The September 2008 sale price of £74,303 represented a fair market value for the property.
• The size, condition, and specification of 2 THE GLEBE has not materially changed since September 2008.

How Large is 2 THE GLEBE?

2 THE GLEBE is 112m² according to the EPC inspection conducted in January 2025. This puts it in the smallest 20% of semi-detached houses houses in Wark, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wark, and where 2 THE GLEBE lies on this distribution: 13% of semi-detached houses houses are smaller than 2 THE GLEBE, and 87% of houses are larger. Note that EPC data is not available for all properties in Wark.

2 THE GLEBE: Plot and Title Map

2 THE GLEBE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 2 THE GLEBE, 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 GLEBE). 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 GLEBE?

2 THE GLEBE is located in WARK, in the NE48 postcode district. The below map shows the position of No. 2 on THE GLEBE.