5, MONKS MEADOWS, HEXHAM, NE46 1LF - £315,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 MONKS MEADOWS is a small extended detached house of 111m², built sometime between 1950 and 1966. It was last sold for £315,000 in November 2023, which was around 3% below the average November 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2015, where the current energy rating was E, and the potential energy rating was C.

5 MONKS MEADOWS Sold Prices

Land registry data shows five sales for 5 MONKS MEADOWS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Most of the five 5 MONKS MEADOWS 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
2023 6 NOV	£315,000	£324,509	3% below HPI
2021 1 MAR	£225,000	£282,544	20% below HPI
2018 20 APR	£214,000	£259,047	17% below HPI
2015 9 OCT	£188,000	£250,162	25% below HPI
2004 30 APR	£235,000	£186,418	26% above HPI

5 MONKS MEADOWS 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 five 5 MONKS MEADOWS sales between April 2004 and November 2023 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 March 2021 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2023 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 5 MONKS MEADOWS?

5 MONKS MEADOWS is 111m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the smallest 30% of detached houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses by size in Hexham, and where 5 MONKS MEADOWS lies on this distribution: 25% of detached houses are smaller than 5 MONKS MEADOWS, and 75% of houses are larger. Note that EPC data is not available for all properties in Hexham.

5 MONKS MEADOWS: Plot and Title Map

5 MONKS MEADOWS sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 5 MONKS MEADOWS, 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 5 MONKS MEADOWS). 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 5 MONKS MEADOWS?

5 MONKS MEADOWS is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 5 on MONKS MEADOWS.