HIGHCROFT, ELVASTON ROAD, HEXHAM, NE46 2HH - £460,000

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

HIGHCROFT is a large detached house of 181m², built sometime between 1900 and 1929. It was last sold for £460,000 in August 2023, which was around 40% above the average August 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was C.

HIGHCROFT Sold Prices

Land registry data shows three sales for HIGHCROFT 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 HIGHCROFT 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
2023 17 AUG	£460,000	£328,157	40% above HPI
2009 18 SEP	£425,000	£239,097	78% above HPI
1997 3 JUL	£175,000	£88,200	98% above HPI

HIGHCROFT 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 HIGHCROFT sales between July 1997 and August 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 September 2009 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the August 2023 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is HIGHCROFT?

HIGHCROFT is 181m² according to the EPC inspection conducted in August 2022. This puts it in the largest 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 HIGHCROFT lies on this distribution: 79% of detached houses are smaller than HIGHCROFT, and 21% of houses are larger. Note that EPC data is not available for all properties in Hexham.

HIGHCROFT: Plot and Title Map

HIGHCROFT sits on a plot of roughly 0.285 of an acre, or 1,152m². The below map shows the location of HIGHCROFT, 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 HIGHCROFT). 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 HIGHCROFT?

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