4, THE OAKS, HEXHAM, NE46 2PZ - £442,000

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.

4 THE OAKS is a large extended detached house of 178m², built sometime between 1983 and 1990, which could now be worth an estimated £575,417. It was last sold for £442,000 in June 2020, which was around 65% above the average June 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

4 THE OAKS Sold Prices

Land registry data shows two sales for 4 THE OAKS 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 4 THE OAKS 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
2020 8 JUN	£442,000	£267,545	65% above HPI
2013 30 JUL	£495,000	£231,824	114% above HPI

4 THE OAKS 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 4 THE OAKS sales from July 2013 and June 2020 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 July 2013 sale was for 114% above the HPI. So the extrapolation line tracks at 114% above the HPI over time, until the June 2020 sale, where it falls to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might 4 THE OAKS be worth now?

4 THE OAKS might now be worth an estimated £575,417.

This is based on house price inflation of 30.2%, between June 2020 and June 2025, 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 30.2% inflationary increase is applied to the most recent sale price for 4 THE OAKS of £442,000 on 8th June 2020. For the value to have increased from £442,000 to £575,417 over the five years to June 2025, the following assumptions must hold true:

• The value of 4 THE OAKS has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The June 2020 sale price of £442,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE OAKS has not materially changed since June 2020.

How Large is 4 THE OAKS?

4 THE OAKS is 178m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the largest 30% 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 4 THE OAKS lies on this distribution: 77% of detached houses houses are smaller than 4 THE OAKS, and 22% of houses are larger. Note that EPC data is not available for all properties in Hexham.

4 THE OAKS: Plot and Title Map

4 THE OAKS sits on a plot of roughly 0.203 of an acre, or 821m². The below map shows the location of 4 THE OAKS, 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 4 THE OAKS). 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 4 THE OAKS?

4 THE OAKS is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 4 on THE OAKS.