REIVERS WAY, WESTLANDS, BELLINGHAM, HEXHAM, NE48 2DW - £174,000

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

REIVERS WAY is a very small detached house of 76m², built sometime between 1930 and 1949. It was last sold for £174,000 in November 2020, which was around 38% below the average November 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2019, where the current energy rating was F, and the potential energy rating was D.

REIVERS WAY Sold Prices

Land registry data shows two sales for REIVERS WAY 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 REIVERS WAY sales were 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
2020 27 NOV	£174,000	£281,565	38% below HPI
1995 19 MAY	£52,450	£81,290	35% below HPI

REIVERS WAY 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 REIVERS WAY sales from May 1995 and November 2020 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 May 1995 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the November 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is REIVERS WAY?

REIVERS WAY is 76m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 10% of detached houses in Bellingham, based on EPC data. The below chart shows the distribution of detached houses by size in Bellingham, and where REIVERS WAY lies on this distribution: 1% of detached houses are smaller than REIVERS WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Bellingham.

REIVERS WAY: Plot and Title Map

REIVERS WAY sits on a plot of roughly 0.128 of an acre, or 518m². The below map shows the location of REIVERS WAY, 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 REIVERS WAY). 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 REIVERS WAY?

REIVERS WAY is located on WESTLANDS in BELLINGHAM, in the NE48 postcode district. The below map shows the position of REIVERS WAY on WESTLANDS.