24, OAK CLOSE, HEXHAM, NE46 2RE - £243,500

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

24 OAK CLOSE is a very small detached house of 81m², built sometime between 1983 and 1990, which could now be worth an estimated £339,796. It was last sold for £243,500 in March 2019, which was around 6% below the average March 2019 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2010, where the current energy rating was C, and the potential energy rating was C.

24 OAK CLOSE Sold Prices

Land registry data shows three sales for 24 OAK CLOSE 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 24 OAK CLOSE sales were for below 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 29 MAR	£243,500	£257,827	6% below HPI
2010 1 OCT	£240,000	£259,133	7% below HPI
2007 18 OCT	£241,000	£268,717	10% below HPI

24 OAK 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 three 24 OAK CLOSE sales between October 2007 and March 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 October 2010 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the March 2019 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 24 OAK CLOSE be worth now?

24 OAK CLOSE might now be worth an estimated £339,796.

This is based on house price inflation of 39.5%, between March 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 39.5% inflationary increase is applied to the most recent sale price for 24 OAK CLOSE of £243,500 on 29th March 2019. For the value to have increased from £243,500 to £339,796 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of 24 OAK CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The March 2019 sale price of £243,500 represented a fair market value for the property.
• The size, condition, and specification of 24 OAK CLOSE has not materially changed since March 2019.

How Large is 24 OAK CLOSE?

24 OAK CLOSE is 81m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% 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 24 OAK CLOSE lies on this distribution: 5% of detached houses houses are smaller than 24 OAK CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Hexham.

24 OAK CLOSE: Plot and Title Map

24 OAK CLOSE sits on a plot of roughly 18.8 acres, or 76,092m². The below map shows the location of 24 OAK 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 24 OAK 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 24 OAK CLOSE?

24 OAK CLOSE is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 24 on OAK CLOSE.