15, GIBSON FIELDS, HEXHAM, NE46 1AS - £166,000

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.

15 GIBSON FIELDS is a very small terraced house of 59m², built sometime between 1996 and 2002, which could now be worth an estimated £260,309. It was last sold for £166,000 in December 2011, which was around 58% above the average December 2011 terraced price in the Northumberland local authority area. The most recent EPC inspection was April 2010, where the current energy rating was C, and the potential energy rating was C.

15 GIBSON FIELDS Sold Prices

Land registry data shows four sales for 15 GIBSON FIELDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Northumberland local authority area for the corresponding sale date. All of the four 15 GIBSON FIELDS 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
2011 9 DEC	£166,000	£105,216	58% above HPI
2005 10 JUN	£150,000	£105,414	42% above HPI
2002 6 DEC	£93,500	£59,930	56% above HPI
1999 29 OCT	£57,796	£40,429	43% above HPI

15 GIBSON FIELDS 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 four 15 GIBSON FIELDS sales between October 1999 and December 2011 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 June 2005 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the December 2011 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

What might 15 GIBSON FIELDS be worth now?

15 GIBSON FIELDS might now be worth an estimated £260,309.

This is based on house price inflation of 56.8%, between December 2011 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 56.8% inflationary increase is applied to the most recent sale price for 15 GIBSON FIELDS of £166,000 on 9th December 2011. For the value to have increased from £166,000 to £260,309 over the fifteen years and eight months to April 2026, the following assumptions must hold true:

• The value of 15 GIBSON FIELDS has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The December 2011 sale price of £166,000 represented a fair market value for the property.
• The size, condition, and specification of 15 GIBSON FIELDS has not materially changed since December 2011.

How Large is 15 GIBSON FIELDS?

15 GIBSON FIELDS is 59m² according to the EPC inspection conducted in April 2010. 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 15 GIBSON FIELDS lies on this distribution: 7% of terraced houses are smaller than 15 GIBSON FIELDS, and 93% of terraced houses are larger. Note that EPC data is not available for all properties in Hexham.

15 GIBSON FIELDS: Plot

15 GIBSON FIELDS sits on a plot of roughly 87.2 acres, or 352,960m².

Where is 15 GIBSON FIELDS?

15 GIBSON FIELDS is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 15 on GIBSON FIELDS.