3, THE CHASE, HEXHAM, NE46 2LU - £260,000

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 THE CHASE is a small extended detached house of 121m², built sometime between 1983 and 1990. It was last sold for £260,000 in August 2011, which was around 10% above the average August 2011 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was C.

3 THE CHASE Sold Prices

Land registry data shows four sales for 3 THE CHASE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the four 3 THE CHASE 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
2011 26 AUG	£260,000	£235,319	10% above HPI
2001 16 FEB	£123,000	£104,051	18% above HPI
1998 27 MAR	£115,000	£86,075	34% above HPI
1996 15 JAN	£99,000	£78,713	26% above HPI

3 THE CHASE 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 four 3 THE CHASE sales between January 1996 and August 2011 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 February 2001 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the August 2011 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 3 THE CHASE?

3 THE CHASE is 121m², which includes one extension, according to the EPC inspection conducted in October 2010. 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 THE CHASE lies on this distribution: 34% of detached houses are smaller than 3 THE CHASE, and 66% of houses are larger. Note that EPC data is not available for all properties in Hexham.

3 THE CHASE: Plot and Title Map

3 THE CHASE sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of 3 THE CHASE, 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 THE CHASE). 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 THE CHASE?

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