2, CRANESHAUGH CLOSE, HEXHAM, NE46 2PG - £217,500

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 CRANESHAUGH CLOSE is a small extended semi-detached house of 84m², built sometime between 1976 and 1982, which could now be worth an estimated £271,488. It was last sold for £217,500 in February 2021, which was around 37% above the average February 2021 semi-detached price in the Northumberland local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

2 CRANESHAUGH CLOSE Sold Prices

Land registry data shows six sales for 2 CRANESHAUGH CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the Northumberland local authority area for the corresponding sale date. All of the six 2 CRANESHAUGH 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
2021 4 FEB	£217,500	£158,523	37% above HPI
2021 4 FEB	£217,500	£158,523	37% above HPI
2013 7 AUG	£155,000	£126,156	23% above HPI
2009 28 AUG	£280,000	£131,504	113% above HPI
2003 28 JUL	£160,000	£89,676	78% above HPI
1997 24 APR	£72,500	£46,356	56% above HPI

What might 2 CRANESHAUGH CLOSE be worth now?

2 CRANESHAUGH CLOSE might now be worth an estimated £271,488.

This is based on house price inflation of 24.8%, between February 2021 and April 2026, for semi-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 24.8% inflationary increase is applied to the most recent sale price for 2 CRANESHAUGH CLOSE of £217,500 on 4th February 2021. For the value to have increased from £217,500 to £271,488 over the four years and ten months to April 2026, the following assumptions must hold true:

• The value of 2 CRANESHAUGH CLOSE has moved in line with the HPI for semi-detached houses in the Northumberland local authority area.
• The February 2021 sale price of £217,500 represented a fair market value for the property.
• The size, condition, and specification of 2 CRANESHAUGH CLOSE has not materially changed since February 2021.

How Large is 2 CRANESHAUGH CLOSE?

2 CRANESHAUGH CLOSE is 84m², which includes two extensions, according to the EPC inspection conducted in October 2020. This puts it in the smallest 40% of semi-detached houses in Hexham, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Hexham, and where 2 CRANESHAUGH CLOSE lies on this distribution: 36% of semi-detached houses are smaller than 2 CRANESHAUGH CLOSE, and 62% of semi-detached houses are larger. Note that EPC data is not available for all properties in Hexham.

2 CRANESHAUGH CLOSE: Plot

2 CRANESHAUGH CLOSE sits on a plot of roughly 21.3 acres, or 86,193m².

Where is 2 CRANESHAUGH CLOSE?

2 CRANESHAUGH CLOSE is located in HEXHAM, in the NE46 postcode district.