3, THE GLEBE, WARK, HEXHAM, NE48 3BF - £287,000

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 THE GLEBE is a small extended detached house of 127m², built sometime between 2003 and 2006, which could now be worth an estimated £427,047. It was last sold for £287,000 in October 2013, which was around 19% above the average October 2013 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was C.

3 THE GLEBE Sold Prices

Land registry data shows two sales for 3 THE GLEBE 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 THE GLEBE 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
2013 3 OCT	£287,000	£241,799	19% above HPI
2006 7 SEP	£284,000	£255,032	11% above HPI

3 THE GLEBE 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 THE GLEBE sales from September 2006 and October 2013 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 2006 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the October 2013 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 3 THE GLEBE be worth now?

3 THE GLEBE might now be worth an estimated £427,047.

This is based on house price inflation of 48.8%, between October 2013 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 48.8% inflationary increase is applied to the most recent sale price for 3 THE GLEBE of £287,000 on 3rd October 2013. For the value to have increased from £287,000 to £427,047 over the twelve years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 THE GLEBE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The October 2013 sale price of £287,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE GLEBE has not materially changed since October 2013.

How Large is 3 THE GLEBE?

3 THE GLEBE is 127m², which includes one extension, according to the EPC inspection conducted in August 2010. This puts it in the smallest 30% of detached houses houses in Wark, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wark, and where 3 THE GLEBE lies on this distribution: 30% of detached houses houses are smaller than 3 THE GLEBE, and 70% of houses are larger. Note that EPC data is not available for all properties in Wark.

3 THE GLEBE: Plot and Title Map

3 THE GLEBE sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 3 THE GLEBE, 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 GLEBE). 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 GLEBE?

3 THE GLEBE is located in WARK, in the NE48 postcode district. The below map shows the position of No. 3 on THE GLEBE.