BRAESTEAD, ELVASTON ROAD, HEXHAM, NE46 2HN - £830,000

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

BRAESTEAD is a very large extended detached house of 228m², built sometime between 1930 and 1949. It was last sold for £830,000 in December 2022, which was around 155% above the average December 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was C.

BRAESTEAD Sold Prices

Land registry data shows three sales for BRAESTEAD 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 BRAESTEAD 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
2022 19 DEC	£830,000	£325,769	155% above HPI
2008 25 NOV	£599,000	£244,452	145% above HPI
2002 26 JUL	£245,000	£130,334	88% above HPI

BRAESTEAD 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 BRAESTEAD sales between July 2002 and December 2022 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 November 2008 sale was for 145% above the HPI. So the extrapolation line tracks at 145% above the HPI over time, until the December 2022 sale, where it rises to 155% above the HPI. The line then continues to track at 155% above the HPI.

How Large is BRAESTEAD?

BRAESTEAD is 228m², which includes two extensions, according to the EPC inspection conducted in February 2019. This puts it in the largest 10% of detached houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses by size in Hexham, and where BRAESTEAD lies on this distribution: 91% of detached houses are smaller than BRAESTEAD, and 9% of houses are larger. Note that EPC data is not available for all properties in Hexham.

BRAESTEAD: Plot and Title Map

BRAESTEAD sits on a plot of roughly 87.2 acres, or 352,960m². The below map shows the location of BRAESTEAD, 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 BRAESTEAD). 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 BRAESTEAD?

BRAESTEAD is located on ELVASTON ROAD in HEXHAM, in the NE46 postcode district. The below map shows the position of BRAESTEAD on ELVASTON ROAD.