LAVENHAM, ELVASTON PARK ROAD, HEXHAM, NE46 2HT - £365,000

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

LAVENHAM is a small detached house of 107m², built sometime between 1950 and 1966, which could now be worth an estimated £498,032. It was last sold for £365,000 in June 2019, which was around 40% above the average June 2019 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was C.

LAVENHAM Sold Prices

Land registry data shows three sales for LAVENHAM 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 LAVENHAM 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
2019 19 JUN	£365,000	£260,588	40% above HPI
2008 7 MAR	£342,063	£266,589	28% above HPI
2001 3 AUG	£146,000	£117,763	24% above HPI

LAVENHAM 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 LAVENHAM sales between August 2001 and June 2019 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 2008 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the June 2019 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might LAVENHAM be worth now?

LAVENHAM might now be worth an estimated £498,032.

This is based on house price inflation of 36.4%, between June 2019 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 36.4% inflationary increase is applied to the most recent sale price for LAVENHAM of £365,000 on 19th June 2019. For the value to have increased from £365,000 to £498,032 over the four years and six months to December 2024, the following assumptions must hold true:

• The value of LAVENHAM has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The June 2019 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of LAVENHAM has not materially changed since June 2019.

How Large is LAVENHAM?

LAVENHAM is 107m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 30% 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 LAVENHAM lies on this distribution: 22% of detached houses houses are smaller than LAVENHAM, and 77% of houses are larger. Note that EPC data is not available for all properties in Hexham.

LAVENHAM: Plot and Title Map

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

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