5, SHAFTOE LEAZES, HEXHAM, NE46 3DF - £285,000

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.

5 SHAFTOE LEAZES is a large extended terraced house of 141m², built sometime between 1900 and 1929, which could now be worth an estimated £410,781. It was last sold for £285,000 in July 2019, which was around 143% above the average July 2019 terraced price in the Northumberland local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

5 SHAFTOE LEAZES Sold Prices

Land registry data shows three sales for 5 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 5 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
2019 19 JUL	£285,000	£117,142	143% above HPI
1999 27 AUG	£116,000	£40,792	184% above HPI
1995 23 FEB	£89,100	£35,637	150% above HPI

5 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 5 SHAFTOE LEAZES sales between February 1995 and July 2019 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 August 1999 sale was for 184% above the HPI. So the extrapolation line tracks at 184% above the HPI over time, until the July 2019 sale, where it falls to 143% above the HPI. The line then continues to track at 143% above the HPI.

What might 5 SHAFTOE LEAZES be worth now?

5 SHAFTOE LEAZES might now be worth an estimated £410,781.

This is based on house price inflation of 44.1%, between July 2019 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 44.1% inflationary increase is applied to the most recent sale price for 5 SHAFTOE LEAZES of £285,000 on 19th July 2019. For the value to have increased from £285,000 to £410,781 over the seven years and two months to May 2026, the following assumptions must hold true:

• The value of 5 SHAFTOE LEAZES has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The July 2019 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SHAFTOE LEAZES has not materially changed since July 2019.

How Large is 5 SHAFTOE LEAZES?

5 SHAFTOE LEAZES is 141m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the largest 30% of terraced houses in Hexham, based on EPC data. The below chart shows the distribution of terraced houses by size in Hexham, and where 5 SHAFTOE LEAZES lies on this distribution: 79% of terraced houses are smaller than 5 SHAFTOE LEAZES, and 21% of terraced houses are larger. Note that EPC data is not available for all properties in Hexham.

5 SHAFTOE LEAZES: Plot

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

Where is 5 SHAFTOE LEAZES?

5 SHAFTOE LEAZES is located in HEXHAM, in the NE46 postcode district. The below map shows the position of No. 5 on SHAFTOE LEAZES.