2, THE ORCHARD, CORBRIDGE ROAD, HEXHAM, NE46 1UN - £450,000

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 ORCHARD is a midsized extended detached house of 140m², built sometime between 1983 and 1990. It was last sold for £450,000 in March 2022, which was around 49% above the average March 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

2 THE ORCHARD Sold Prices

Land registry data shows three sales for 2 THE ORCHARD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the three 2 THE ORCHARD 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 10 MAR	£450,000	£301,366	49% above HPI
2013 28 NOV	£365,000	£232,593	57% above HPI
2009 7 JUL	£332,500	£233,912	42% above HPI

2 THE ORCHARD 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 three 2 THE ORCHARD sales between July 2009 and March 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 November 2013 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the March 2022 sale, where it falls to 49% above the HPI. The line then continues to track at 49% above the HPI.

How Large is 2 THE ORCHARD?

2 THE ORCHARD is 140m², which includes two extensions, according to the EPC inspection conducted in July 2013. This puts it in the largest 50% 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 ORCHARD lies on this distribution: 56% of detached houses are smaller than 2 THE ORCHARD, and 43% of houses are larger. Note that EPC data is not available for all properties in Hexham.

2 THE ORCHARD: Plot and Title Map

2 THE ORCHARD sits on a plot of roughly 0.228 of an acre, or 921m². The below map shows the location of 2 THE ORCHARD, 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 ORCHARD). 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 ORCHARD?

2 THE ORCHARD is located on CORBRIDGE ROAD in HEXHAM, in the NE46 postcode district. The below map shows the position of 2 THE ORCHARD on CORBRIDGE ROAD.