2, MILBURN CLOSE, HEXHAM, NE46 2NY - £385,000

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 MILBURN CLOSE is a large extended detached house of 149m², built sometime between 1983 and 1990, which could now be worth an estimated £421,453. It was last sold for £385,000 in April 2023, which was around 17% above the average April 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was C.

2 MILBURN CLOSE Sold Prices

Land registry data shows two sales for 2 MILBURN CLOSE 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 2 MILBURN 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
2023 28 APR	£385,000	£328,552	17% above HPI
2020 14 FEB	£313,000	£263,571	19% above HPI

2 MILBURN 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 two 2 MILBURN CLOSE sales from February 2020 and April 2023 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 2020 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the April 2023 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 2 MILBURN CLOSE be worth now?

2 MILBURN CLOSE might now be worth an estimated £421,453.

This is based on house price inflation of 9.5%, between April 2023 and April 2026, 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 9.5% inflationary increase is applied to the most recent sale price for 2 MILBURN CLOSE of £385,000 on 28th April 2023. For the value to have increased from £385,000 to £421,453 over the three years to April 2026, the following assumptions must hold true:

• The value of 2 MILBURN CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The April 2023 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILBURN CLOSE has not materially changed since April 2023.

How Large is 2 MILBURN CLOSE?

2 MILBURN CLOSE is 149m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the largest 40% 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 2 MILBURN CLOSE lies on this distribution: 62% of detached houses houses are smaller than 2 MILBURN CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Hexham.

2 MILBURN CLOSE: Plot and Title Map

2 MILBURN CLOSE sits on a plot of roughly 57.7 acres, or 233,656m². The below map shows the location of 2 MILBURN 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 MILBURN 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 MILBURN CLOSE?

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