2, THE PADDOCK, DIPTON MILL ROAD, HEXHAM, NE46 1BP - £475,000

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 THE PADDOCK is a very large extended detached house of 202m², built sometime between 1976 and 1982. It was last sold for £475,000 in June 2021, which was around 63% above the average June 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was C.

2 THE PADDOCK Sold Prices

Land registry data shows three sales for 2 THE PADDOCK 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 PADDOCK 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
2021 4 JUN	£475,000	£291,776	63% above HPI
2013 4 SEP	£400,000	£235,597	70% above HPI
2008 16 MAY	£360,000	£263,342	37% above HPI

2 THE PADDOCK 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 PADDOCK sales between May 2008 and June 2021 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 September 2013 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the June 2021 sale, where it falls to 63% above the HPI. The line then continues to track at 63% above the HPI.

How Large is 2 THE PADDOCK?

2 THE PADDOCK is 202m², which includes one extension, according to the EPC inspection conducted in January 2013. This puts it in the largest 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 PADDOCK lies on this distribution: 84% of detached houses are smaller than 2 THE PADDOCK, and 16% of houses are larger. Note that EPC data is not available for all properties in Hexham.

2 THE PADDOCK: Plot and Title Map

2 THE PADDOCK sits on a plot of roughly 20.0 acres, or 80,916m². The below map shows the location of 2 THE PADDOCK, 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 PADDOCK). 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 PADDOCK?

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