THE GROVE, BEECH HILL, HEXHAM, NE46 3AG - £675,000

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

THE GROVE is a large extended detached house of 185m², built sometime between 1930 and 1949. It was last sold for £675,000 in November 2018, which was around 162% above the average November 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2017, where the current energy rating was E, and the potential energy rating was C.

THE GROVE Sold Prices

Land registry data shows two sales for THE GROVE 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 THE GROVE 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
2018 7 NOV	£675,000	£257,827	162% above HPI
2008 9 MAY	£560,000	£263,342	113% above HPI

THE GROVE 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 THE GROVE sales from May 2008 and November 2018 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 2008 sale was for 113% above the HPI. So the extrapolation line tracks at 113% above the HPI over time, until the November 2018 sale, where it rises to 162% above the HPI. The line then continues to track at 162% above the HPI.

How Large is THE GROVE?

THE GROVE is 185m², which includes two extensions, according to the EPC inspection conducted in October 2017. This puts it in the largest 20% of detached houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses by size in Hexham, and where THE GROVE lies on this distribution: 80% of detached houses are smaller than THE GROVE, and 20% of houses are larger. Note that EPC data is not available for all properties in Hexham.

THE GROVE: Plot and Title Map

THE GROVE sits on a plot of roughly 0.415 of an acre, or 1,679m². The below map shows the location of THE GROVE, 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 THE GROVE). 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 THE GROVE?

THE GROVE is located on BEECH HILL in HEXHAM, in the NE46 postcode district. The below map shows the position of THE GROVE on BEECH HILL.