4, SHAFTOE LEAZES, HEXHAM, NE46 3DF - £430,000

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.

4 SHAFTOE LEAZES is a very large extended terraced house of 187m², built sometime before 1900, which could now be worth an estimated £531,226. It was last sold for £430,000 in September 2021, which was around 215% above the average September 2021 terraced price in the Northumberland local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was C.

4 SHAFTOE LEAZES Sold Prices

Land registry data shows three sales for 4 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 4 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
2021 30 SEP	£430,000	£136,668	215% above HPI
2016 8 JAN	£315,000	£111,813	182% above HPI
2003 30 MAY	£195,000	£65,148	199% above HPI

4 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 4 SHAFTOE LEAZES sales between May 2003 and September 2021 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 January 2016 sale was for 182% above the HPI. So the extrapolation line tracks at 182% above the HPI over time, until the September 2021 sale, where it rises to 215% above the HPI. The line then continues to track at 215% above the HPI.

What might 4 SHAFTOE LEAZES be worth now?

4 SHAFTOE LEAZES might now be worth an estimated £531,226.

This is based on house price inflation of 23.5%, between September 2021 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 23.5% inflationary increase is applied to the most recent sale price for 4 SHAFTOE LEAZES of £430,000 on 30th September 2021. For the value to have increased from £430,000 to £531,226 over the five years and four months to May 2026, the following assumptions must hold true:

• The value of 4 SHAFTOE LEAZES has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The September 2021 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SHAFTOE LEAZES has not materially changed since September 2021.

How Large is 4 SHAFTOE LEAZES?

4 SHAFTOE LEAZES is 187m², which includes two extensions, according to the EPC inspection conducted in July 2021. This puts it in the largest 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 4 SHAFTOE LEAZES lies on this distribution: 93% of terraced houses are smaller than 4 SHAFTOE LEAZES, and 7% of terraced houses are larger. Note that EPC data is not available for all properties in Hexham.

4 SHAFTOE LEAZES: Plot

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

Where is 4 SHAFTOE LEAZES?

4 SHAFTOE LEAZES is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 4 on SHAFTOE LEAZES.