2, ELM CLOSE, HEXHAM, NE46 2RD - £360,000

2 ELM CLOSE is a very small extended detached house of 104m², built sometime between 1983 and 1990. It was last sold for £360,000 in May 2019, which was around 46% above the average May 2019 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

2 ELM CLOSE Sold Prices

Land registry data shows three sales for 2 ELM CLOSE 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 2 ELM CLOSE 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
2019 31 MAY	£360,000	£247,186	46% above HPI
2017 24 NOV	£345,000	£252,671	37% above HPI
2007 20 JUL	£310,000	£258,969	20% above HPI

2 ELM CLOSE 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 2 ELM CLOSE sales between July 2007 and May 2019 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 2017 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the May 2019 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is 2 ELM CLOSE?

2 ELM CLOSE is 104m², which includes two extensions, according to the EPC inspection conducted in May 2018. This puts it in the smallest 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 2 ELM CLOSE lies on this distribution: 20% of detached houses are smaller than 2 ELM CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Hexham.

2 ELM CLOSE: Plot and Title Map

2 ELM CLOSE sits on a plot of roughly 18.8 acres, or 76,092m². The below map shows the location of 2 ELM CLOSE, 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 2 ELM CLOSE). 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 2 ELM CLOSE?

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