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

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

REIVERS WAY is a very small detached house of 76m², built sometime between 1930 and 1949, which could now be worth an estimated £212,882. It was last sold for £174,000 in November 2020, which was around 40% 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	£290,623	40% below HPI
1995 19 MAY	£52,450	£83,905	37% 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 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2020 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might REIVERS WAY be worth now?

REIVERS WAY might now be worth an estimated £212,882.

This is based on house price inflation of 22.3%, between November 2020 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 22.3% inflationary increase is applied to the most recent sale price for REIVERS WAY of £174,000 on 27th November 2020. For the value to have increased from £174,000 to £212,882 over the three years and eleven months to December 2024, the following assumptions must hold true:

• The value of REIVERS WAY has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The November 2020 sale price of £174,000 represented a fair market value for the property.
• The size, condition, and specification of REIVERS WAY has not materially changed since November 2020.

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 houses in Bellingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bellingham, and where REIVERS WAY lies on this distribution: 1% of detached houses 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.