THE LAURELS, BURSWELL VILLAS, HEXHAM, NE46 3LD - £331,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE LAURELS is a small extended semi-detached house of 105m², built sometime between 1930 and 1949, which could now be worth an estimated £362,201. It was last sold for £331,000 in August 2022, which was around 86% above the average August 2022 semi-detached price in the Northumberland local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

THE LAURELS Sold Prices

Land registry data shows two sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Northumberland local authority area for the corresponding sale date. Both of the two THE LAURELS 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
2022 12 AUG	£331,000	£178,428	86% above HPI
2015 30 SEP	£234,000	£139,189	68% above HPI

THE LAURELS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Northumberland local authority area over time, sourced from the HPI. The two THE LAURELS sales from September 2015 and August 2022 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 September 2015 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the August 2022 sale, where it rises to 86% above the HPI. The line then continues to track at 86% above the HPI.

What might THE LAURELS be worth now?

THE LAURELS might now be worth an estimated £362,201.

This is based on house price inflation of 9.4%, between August 2022 and February 2025, for semi-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 9.4% inflationary increase is applied to the most recent sale price for THE LAURELS of £331,000 on 12th August 2022. For the value to have increased from £331,000 to £362,201 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of THE LAURELS has moved in line with the HPI for semi-detached houses in the Northumberland local authority area.
• The August 2022 sale price of £331,000 represented a fair market value for the property.
• The size, condition, and specification of THE LAURELS has not materially changed since August 2022.

How Large is THE LAURELS?

THE LAURELS is 105m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 30% of semi-detached houses houses in Hexham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hexham, and where THE LAURELS lies on this distribution: 20% of semi-detached houses houses are smaller than THE LAURELS, and 79% of houses are larger. Note that EPC data is not available for all properties in Hexham.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 9.8 acres, or 39,489m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

THE LAURELS is located on BURSWELL VILLAS in HEXHAM, in the NE46 postcode district. The below map shows the position of THE LAURELS on BURSWELL VILLAS.