3, ASH CLOSE, HEXHAM, NE46 2RA - £275,000

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

3 ASH CLOSE is a very small extended detached house of 93m², built sometime between 1983 and 1990, which could now be worth an estimated £404,066. It was last sold for £275,000 in May 2015, which was around 14% above the average May 2015 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

3 ASH CLOSE Sold Prices

Land registry data shows two sales for 3 ASH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Both of the two 3 ASH CLOSE 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
2015 28 MAY	£275,000	£241,991	14% above HPI
2006 30 JUN	£260,000	£245,409	6% above HPI

3 ASH 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 two 3 ASH CLOSE sales from June 2006 and May 2015 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 June 2006 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the May 2015 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 3 ASH CLOSE be worth now?

3 ASH CLOSE might now be worth an estimated £404,066.

This is based on house price inflation of 46.9%, between May 2015 and December 2024, 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 46.9% inflationary increase is applied to the most recent sale price for 3 ASH CLOSE of £275,000 on 28th May 2015. For the value to have increased from £275,000 to £404,066 over the eight years and five months to December 2024, the following assumptions must hold true:

• The value of 3 ASH CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The May 2015 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ASH CLOSE has not materially changed since May 2015.

How Large is 3 ASH CLOSE?

3 ASH CLOSE is 93m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the smallest 20% 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 3 ASH CLOSE lies on this distribution: 11% of detached houses houses are smaller than 3 ASH CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Hexham.

3 ASH CLOSE: Plot and Title Map

3 ASH CLOSE sits on a plot of roughly 0.171 of an acre, or 691m². The below map shows the location of 3 ASH 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 3 ASH 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 3 ASH CLOSE?

3 ASH CLOSE is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 3 on ASH CLOSE.