THE REINS, LEAZES LANE, HEXHAM, NE46 3AZ - £418,000

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

THE REINS is a very large extended detached house of 302m², built sometime before 1900, which could now be worth an estimated £603,592. It was last sold for £418,000 in July 2011, which was around 70% above the average July 2011 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2009, where the current energy rating was F, and the potential energy rating was D.

THE REINS Sold Prices

Land registry data shows two sales for THE REINS 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 REINS 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
2011 4 JUL	£418,000	£246,236	70% above HPI
2002 1 MAR	£230,000	£120,734	91% above HPI

THE REINS 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 REINS sales from March 2002 and July 2011 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 March 2002 sale was for 91% above the HPI. So the extrapolation line tracks at 91% above the HPI over time, until the July 2011 sale, where it falls to 70% above the HPI. The line then continues to track at 70% above the HPI.

What might THE REINS be worth now?

THE REINS might now be worth an estimated £603,592.

This is based on house price inflation of 44.4%, between July 2011 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 44.4% inflationary increase is applied to the most recent sale price for THE REINS of £418,000 on 4th July 2011. For the value to have increased from £418,000 to £603,592 over the twelve years and seven months to December 2024, the following assumptions must hold true:

• The value of THE REINS has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The July 2011 sale price of £418,000 represented a fair market value for the property.
• The size, condition, and specification of THE REINS has not materially changed since July 2011.

How Large is THE REINS?

THE REINS is 302m², which includes two extensions, according to the EPC inspection conducted in September 2009. This puts it in the largest 10% of detached houses houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hexham, and where THE REINS lies on this distribution: 97% of detached houses houses are smaller than THE REINS, and 3% of houses are larger. Note that EPC data is not available for all properties in Hexham.

THE REINS: Plot and Title Map

THE REINS sits on a plot of roughly 86.3 acres, or 349,082m². The below map shows the location of THE REINS, 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 REINS). 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 REINS?

THE REINS is located on LEAZES LANE in HEXHAM, in the NE46 postcode district. The below map shows the position of THE REINS on LEAZES LANE.