2, OAK CLOSE, HEXHAM, NE46 2RE - £278,950

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.

2 OAK CLOSE is a very small detached house of 101m², built sometime between 1983 and 1990, which could now be worth an estimated £342,327. It was last sold for £278,950 in February 2021, which was around 5% below the average February 2021 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 A.

2 OAK CLOSE Sold Prices

Land registry data shows one sale for 2 OAK CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Northumberland local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 15 FEB	£278,950	£293,074	5% below HPI

What might 2 OAK CLOSE be worth now?

2 OAK CLOSE might now be worth an estimated £342,327.

This is based on house price inflation of 22.7%, between February 2021 and April 2026, 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 22.7% inflationary increase is applied to the most recent sale price for 2 OAK CLOSE of £278,950 on 15th February 2021. For the value to have increased from £278,950 to £342,327 over the four years and ten months to April 2026, the following assumptions must hold true:

• The value of 2 OAK CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The February 2021 sale price of £278,950 represented a fair market value for the property.
• The size, condition, and specification of 2 OAK CLOSE has not materially changed since February 2021.

How Large is 2 OAK CLOSE?

2 OAK CLOSE is 101m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% of detached houses in Hexham, based on EPC data. The below chart shows the distribution of detached houses by size in Hexham, and where 2 OAK CLOSE lies on this distribution: 15% of detached houses are smaller than 2 OAK CLOSE, and 84% of detached houses are larger. Note that EPC data is not available for all properties in Hexham.

2 OAK CLOSE: Plot

2 OAK CLOSE sits on a plot of roughly 0.102 of an acre, or 414m².

Where is 2 OAK CLOSE?

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