LAVENHAM, ELVASTON PARK ROAD, HEXHAM, NE46 2HT - £365,000

LAVENHAM is a small detached house of 107m², built sometime between 1950 and 1966. It was last sold for £365,000 in June 2019, which was around 45% above the average June 2019 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was C.

LAVENHAM Sold Prices

Land registry data shows three sales for LAVENHAM 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 LAVENHAM 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 19 JUN	£365,000	£252,466	45% above HPI
2008 7 MAR	£342,063	£258,280	32% above HPI
2001 3 AUG	£146,000	£114,093	28% above HPI

LAVENHAM 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 LAVENHAM sales between August 2001 and June 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 March 2008 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the June 2019 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is LAVENHAM?

LAVENHAM is 107m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 30% of detached houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses by size in Hexham, and where LAVENHAM lies on this distribution: 23% of detached houses are smaller than LAVENHAM, and 77% of houses are larger. Note that EPC data is not available for all properties in Hexham.

LAVENHAM: Plot and Title Map

LAVENHAM sits on a plot of roughly 0.132 of an acre, or 536m². The below map shows the location of LAVENHAM, 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 LAVENHAM). 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 LAVENHAM?

LAVENHAM is located on ELVASTON PARK ROAD in HEXHAM, in the NE46 postcode district. The below map shows the position of LAVENHAM on ELVASTON PARK ROAD.