3, MILBURN CLOSE, HEXHAM, NE46 2NY - £332,000

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

3 MILBURN CLOSE is a small extended detached house of 120m², built sometime between 1983 and 1990. It was last sold for £332,000 in October 2018, which was around 27% above the average October 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2009, where the current energy rating was E, and the potential energy rating was C.

3 MILBURN CLOSE Sold Prices

Land registry data shows three sales for 3 MILBURN 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 3 MILBURN 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
2018 12 OCT	£332,000	£261,980	27% above HPI
2001 7 DEC	£157,500	£116,335	35% above HPI
1996 27 AUG	£111,500	£85,675	30% above HPI

3 MILBURN 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 3 MILBURN CLOSE sales between August 1996 and October 2018 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 December 2001 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the October 2018 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is 3 MILBURN CLOSE?

3 MILBURN CLOSE is 120m², which includes one extension, according to the EPC inspection conducted in September 2009. This puts it in the smallest 40% of detached houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses by size in Hexham, and where 3 MILBURN CLOSE lies on this distribution: 34% of detached houses are smaller than 3 MILBURN CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Hexham.

3 MILBURN CLOSE: Plot and Title Map

3 MILBURN CLOSE sits on a plot of roughly 28.9 acres, or 117,062m². The below map shows the location of 3 MILBURN 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 MILBURN 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 MILBURN CLOSE?

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