GREENWAY, HEXHAM, NE46 2JF - £495,000

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

GREENWAY is a very large detached house of 273m², built sometime between 1976 and 1982, which could now be worth an estimated £920,433. It was last sold for £495,000 in March 2004, which was around 156% above the average March 2004 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

GREENWAY Sold Prices

Land registry data shows two sales for GREENWAY 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 GREENWAY 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
2004 31 MAR	£495,000	£193,491	156% above HPI
2000 17 MAR	£160,000	£99,327	61% above HPI

GREENWAY 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 GREENWAY sales from March 2000 and March 2004 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 2000 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the March 2004 sale, where it rises to 156% above the HPI. The line then continues to track at 156% above the HPI.

What might GREENWAY be worth now?

GREENWAY might now be worth an estimated £920,433.

This is based on house price inflation of 85.9%, between March 2004 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 85.9% inflationary increase is applied to the most recent sale price for GREENWAY of £495,000 on 31st March 2004. For the value to have increased from £495,000 to £920,433 over the 21 years and one month to February 2025, the following assumptions must hold true:

• The value of GREENWAY has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The March 2004 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of GREENWAY has not materially changed since March 2004.

How Large is GREENWAY?

GREENWAY is 273m² according to the EPC inspection conducted in June 2017. This puts it in the largest 10% 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 GREENWAY lies on this distribution: 96% of detached houses houses are smaller than GREENWAY, and 4% of houses are larger. Note that EPC data is not available for all properties in Hexham.

GREENWAY: Plot and Title Map

GREENWAY sits on a plot of roughly 0.367 of an acre, or 1,485m². The below map shows the location of GREENWAY, 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 GREENWAY). 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 GREENWAY?

GREENWAY is located in HEXHAM, in the NE46 postcode district. The below map shows the position of GREENWAY in HEXHAM.