9, THE LEAZES, SHAWS LANE, HEXHAM, NE46 3BN - £625,000

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

9 THE LEAZES is a large detached house of 156m², built sometime between 1983 and 1990, which could now be worth an estimated £758,652. It was last sold for £625,000 in January 2021, which was around 113% above the average January 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

9 THE LEAZES Sold Prices

Land registry data shows three sales for 9 THE LEAZES 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 9 THE LEAZES 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
2021 27 JAN	£625,000	£292,925	113% above HPI
2007 29 JUN	£535,000	£260,857	105% above HPI
1998 13 MAR	£195,000	£88,844	119% above HPI

9 THE LEAZES 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 9 THE LEAZES sales between March 1998 and January 2021 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 2007 sale was for 105% above the HPI. So the extrapolation line tracks at 105% above the HPI over time, until the January 2021 sale, where it rises to 113% above the HPI. The line then continues to track at 113% above the HPI.

What might 9 THE LEAZES be worth now?

9 THE LEAZES might now be worth an estimated £758,652.

This is based on house price inflation of 21.4%, between January 2021 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 21.4% inflationary increase is applied to the most recent sale price for 9 THE LEAZES of £625,000 on 27th January 2021. For the value to have increased from £625,000 to £758,652 over the two years and one month to December 2024, the following assumptions must hold true:

• The value of 9 THE LEAZES has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The January 2021 sale price of £625,000 represented a fair market value for the property.
• The size, condition, and specification of 9 THE LEAZES has not materially changed since January 2021.

How Large is 9 THE LEAZES?

9 THE LEAZES is 156m² according to the EPC inspection conducted in May 2018. This puts it in the largest 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 9 THE LEAZES lies on this distribution: 65% of detached houses houses are smaller than 9 THE LEAZES, and 34% of houses are larger. Note that EPC data is not available for all properties in Hexham.

9 THE LEAZES: Plot and Title Map

9 THE LEAZES sits on a plot of roughly 0.428 of an acre, or 1,734m². The below map shows the location of 9 THE LEAZES, 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 9 THE LEAZES). 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 9 THE LEAZES?

9 THE LEAZES is located on SHAWS LANE in HEXHAM, in the NE46 postcode district. The below map shows the position of 9 THE LEAZES on SHAWS LANE.