3, ELM CLOSE, HEXHAM, NE46 2RD - £167,000

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.

3 ELM CLOSE is a detached house, which could now be worth an estimated £387,995. It was last sold for £167,000 in April 2003, which was around 8% above the average April 2003 detached price in the Northumberland local authority area.

3 ELM CLOSE Sold Prices

Land registry data shows three sales for 3 ELM CLOSE 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. One of the three 3 ELM CLOSE sales was for above the average price, whilst two were for below 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
2003 25 APR	£167,000	£154,804	8% above HPI
1999 16 JUL	£85,000	£101,180	16% below HPI
1995 1 DEC	£68,000	£82,015	17% below HPI

What might 3 ELM CLOSE be worth now?

3 ELM CLOSE might now be worth an estimated £387,995.

This is based on house price inflation of 132.3%, between April 2003 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 132.3% inflationary increase is applied to the most recent sale price for 3 ELM CLOSE of £167,000 on 25th April 2003. For the value to have increased from £167,000 to £387,995 over the 23 years to April 2026, the following assumptions must hold true:

• The value of 3 ELM CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The April 2003 sale price of £167,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ELM CLOSE has not materially changed since April 2003.

Where is 3 ELM CLOSE?

3 ELM CLOSE is located in HEXHAM, in the NE46 postcode district.