7, THE CHASE, HEXHAM, NE46 2LU - £250,000

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

7 THE CHASE is a small extended detached house of 118m², built sometime between 1991 and 1995, which could now be worth an estimated £355,835. It was last sold for £250,000 in May 2016, which was about the average May 2016 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

7 THE CHASE Sold Prices

Land registry data shows two sales for 7 THE CHASE 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. One of the two 7 THE CHASE sales was roughly equal to the average price, whilst the other was 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
2016 27 MAY	£250,000	£249,810	Close to HPI
1995 30 JUN	£125,700	£81,981	53% above HPI

7 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 two 7 THE CHASE sales from June 1995 and May 2016 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 1995 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the May 2016 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 7 THE CHASE be worth now?

7 THE CHASE might now be worth an estimated £355,835.

This is based on house price inflation of 42.3%, between May 2016 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 42.3% inflationary increase is applied to the most recent sale price for 7 THE CHASE of £250,000 on 27th May 2016. For the value to have increased from £250,000 to £355,835 over the seven years and five months to December 2024, the following assumptions must hold true:

• The value of 7 THE CHASE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The May 2016 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE CHASE has not materially changed since May 2016.

How Large is 7 THE CHASE?

7 THE CHASE is 118m², which includes two extensions, according to the EPC inspection conducted in August 2012. This puts it in the smallest 40% 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 7 THE CHASE lies on this distribution: 31% of detached houses houses are smaller than 7 THE CHASE, and 69% of houses are larger. Note that EPC data is not available for all properties in Hexham.

7 THE CHASE: Plot and Title Map

7 THE CHASE sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 7 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 7 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 7 THE CHASE?

7 THE CHASE is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 7 on THE CHASE.