OLD SCHOOL HOUSE, WARK, HEXHAM, NE48 3LS - £320,000

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

OLD SCHOOL HOUSE is a large extended detached house of 198m², built sometime before 1900. It was last sold for £320,000 in October 2012, which was around 36% above the average October 2012 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was C.

OLD SCHOOL HOUSE Sold Prices

Land registry data shows two sales for OLD SCHOOL HOUSE 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. One of the two OLD SCHOOL HOUSE sales was for above the average price, whilst the other was for below 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
2012 17 OCT	£320,000	£236,018	36% above HPI
1997 8 AUG	£85,000	£88,954	4% below HPI

OLD SCHOOL HOUSE 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 OLD SCHOOL HOUSE sales from August 1997 and October 2012 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 August 1997 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the October 2012 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is 198m², which includes three extensions, according to the EPC inspection conducted in October 2013. This puts it in the largest 20% of detached houses in Wark, based on EPC data. The below chart shows the distribution of detached houses by size in Wark, and where OLD SCHOOL HOUSE lies on this distribution: 72% of detached houses are smaller than OLD SCHOOL HOUSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Wark.

OLD SCHOOL HOUSE: Plot and Title Map

OLD SCHOOL HOUSE sits on a plot of roughly 0.120 of an acre, or 488m². The below map shows the location of OLD SCHOOL HOUSE, 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 OLD SCHOOL HOUSE). 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 OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is located in WARK, in the NE48 postcode district. The below map shows the position of OLD SCHOOL HOUSE in WARK.