THORN LEA, REDESMOUTH ROAD, BELLINGHAM, HEXHAM, NE48 2EH - £190,000

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

THORN LEA is a small detached house of 98m², built sometime between 2003 and 2006. It was last sold for £190,000 in November 2017, which was around 25% below the average November 2017 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

THORN LEA Sold Prices

Land registry data shows three sales for THORN LEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the three THORN LEA 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
2017 27 NOV	£190,000	£252,671	25% below HPI
2004 7 NOV	£184,000	£221,740	17% below HPI
2004 8 APR	£32,500	£186,418	83% below HPI

THORN LEA 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 three THORN LEA sales between April 2004 and November 2017 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 November 2004 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the November 2017 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is THORN LEA?

THORN LEA is 98m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 40% of detached houses in Bellingham, based on EPC data. The below chart shows the distribution of detached houses by size in Bellingham, and where THORN LEA lies on this distribution: 31% of detached houses are smaller than THORN LEA, and 69% of houses are larger. Note that EPC data is not available for all properties in Bellingham.

THORN LEA: Plot and Title Map

THORN LEA sits on a plot of roughly 0.140 of an acre, or 565m². The below map shows the location of THORN LEA, 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 THORN LEA). 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 THORN LEA?

THORN LEA is located on REDESMOUTH ROAD in BELLINGHAM, in the NE48 postcode district. The below map shows the position of THORN LEA on REDESMOUTH ROAD.