2, CIRCLE PLACE, HEXHAM, NE46 3QA - £110,000

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.

2 CIRCLE PLACE is a very small terraced house of 60m², built sometime between 1900 and 1929, which could now be worth an estimated £144,338. It was last sold for £110,000 in April 2008, which was around 13% below the average April 2008 terraced price in the Northumberland local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

2 CIRCLE PLACE Sold Prices

Land registry data shows two sales for 2 CIRCLE PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Northumberland local authority area for the corresponding sale date. Both of the two 2 CIRCLE PLACE 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
2008 17 APR	£110,000	£125,740	13% below HPI
2000 29 FEB	£36,225	£39,612	9% below HPI

2 CIRCLE PLACE 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 2 CIRCLE PLACE sales from February 2000 and April 2008 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 February 2000 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the April 2008 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 2 CIRCLE PLACE be worth now?

2 CIRCLE PLACE might now be worth an estimated £144,338.

This is based on house price inflation of 31.2%, between April 2008 and April 2026, for terraced 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 31.2% inflationary increase is applied to the most recent sale price for 2 CIRCLE PLACE of £110,000 on 17th April 2008. For the value to have increased from £110,000 to £144,338 over the eighteen years to April 2026, the following assumptions must hold true:

• The value of 2 CIRCLE PLACE has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The April 2008 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CIRCLE PLACE has not materially changed since April 2008.

How Large is 2 CIRCLE PLACE?

2 CIRCLE PLACE is 60m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% of terraced houses in Hexham, based on EPC data. The below chart shows the distribution of terraced houses by size in Hexham, and where 2 CIRCLE PLACE lies on this distribution: 9% of terraced houses are smaller than 2 CIRCLE PLACE, and 90% of terraced houses are larger. Note that EPC data is not available for all properties in Hexham.

2 CIRCLE PLACE: Plot

2 CIRCLE PLACE sits on a plot of roughly 80.3 acres, or 324,929m².

Where is 2 CIRCLE PLACE?

2 CIRCLE PLACE is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 2 on CIRCLE PLACE.