1A, SHAFTOE LEAZES, HEXHAM, NE46 3DF - £229,950

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.

1A SHAFTOE LEAZES is a large terraced house of 114m², built sometime between 1900 and 1929, which could now be worth an estimated £362,922. It was last sold for £229,950 in August 2013, which was around 115% above the average August 2013 terraced price in the Northumberland local authority area. The most recent EPC inspection was September 2011, where the current energy rating was E, and the potential energy rating was D.

1A SHAFTOE LEAZES Sold Prices

Land registry data shows three sales for 1A SHAFTOE LEAZES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Northumberland local authority area for the corresponding sale date. All of the three 1A SHAFTOE LEAZES 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
2013 9 AUG	£229,950	£106,979	115% above HPI
2006 7 JUL	£238,000	£116,694	104% above HPI
2003 9 OCT	£195,000	£79,722	145% above HPI

1A SHAFTOE LEAZES 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 1A SHAFTOE LEAZES sales between October 2003 and August 2013 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 2006 sale was for 104% above the HPI. So the extrapolation line tracks at 104% above the HPI over time, until the August 2013 sale, where it rises to 115% above the HPI. The line then continues to track at 115% above the HPI.

What might 1A SHAFTOE LEAZES be worth now?

1A SHAFTOE LEAZES might now be worth an estimated £362,922.

This is based on house price inflation of 57.8%, between August 2013 and May 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 57.8% inflationary increase is applied to the most recent sale price for 1A SHAFTOE LEAZES of £229,950 on 9th August 2013. For the value to have increased from £229,950 to £362,922 over the thirteen years and three months to May 2026, the following assumptions must hold true:

• The value of 1A SHAFTOE LEAZES has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The August 2013 sale price of £229,950 represented a fair market value for the property.
• The size, condition, and specification of 1A SHAFTOE LEAZES has not materially changed since August 2013.

How Large is 1A SHAFTOE LEAZES?

1A SHAFTOE LEAZES is 114m² according to the EPC inspection conducted in September 2011. This puts it in the largest 40% of terraced houses in Hexham, based on EPC data. The below chart shows the distribution of terraced houses by size in Hexham, and where 1A SHAFTOE LEAZES lies on this distribution: 65% of terraced houses are smaller than 1A SHAFTOE LEAZES, and 34% of terraced houses are larger. Note that EPC data is not available for all properties in Hexham.

1A SHAFTOE LEAZES: Plot

1A SHAFTOE LEAZES sits on a plot of roughly 80.3 acres, or 324,929m².

Where is 1A SHAFTOE LEAZES?

1A SHAFTOE LEAZES is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 1A on SHAFTOE LEAZES.