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House Prices in NE48

The average house price in NE48 (Hexham) is £0 using HM Land Registry data.

The average property price increased by £53,911 (33.88%) over the last 5 years and increased by £10,802 (4.85%) over the last 12 months.

Over the last year, there were 36 residential property sales – a decrease of 17 transactions (-47.22%) relative to the previous year. The majority of house sales (12) were in the £194,000 - £288,000 range. Then came properties in the £100,000 - £194,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 78 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,362 (-4%).

In Oct 24, there were 13 new estate agency instructions, 6 agreed home sales and 7 property price reductions.

5-Year Average Property Prices in NE48 (Hexham)

33.88%

Property prices in Hexham increased by 33.88% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in NE48 (Hexham) Over the Last Year

4.85%

Property prices in Hexham increased by 4.85% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for NE48 (Hexham) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in NE48 (Hexham)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in NE48 (Hexham)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in NE48 (Hexham)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the NE48 (Hexham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE48 postcode area since 1995.

Recent Sales in NE48 (Hexham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
2 Malting Close, Bellingham, Hexham, Northumberland, NE48 2DB	£250,000	£242,000	-£8,000	30 Nov 2023	01 May 2024	153 Days
7 Tyne Terrace, Wark, Hexham, Northumberland, NE48 3LL	£115,000	£101,000	-£14,000	07 Aug 2023	22 Mar 2024	228 Days
The Granary, Buteland Heights, Bellingham, Hexham, Northumberland, NE48 2EB	£450,000	£435,000	-£15,000	26 Jul 2023	23 Feb 2024	212 Days
26 Westlands, Bellingham, Hexham, Northumberland, NE48 2DW	£140,000	£140,000	£00	24 Jul 2023	21 Feb 2024	212 Days
13 Westmacott Street, Ridsdale, Hexham, Northumberland, NE48 2TJ	£195,000	£185,000	-£10,000	18 Oct 2023	12 Feb 2024	117 Days
3 Woodbine Terrace, Barrasford, Hexham, Northumberland, NE48 4AB	£220,000	£220,000	£00	07 Nov 2023	18 Jan 2024	72 Days
17 Chishillways, Barrasford, Hexham, Northumberland, NE48 4AE	£235,000	£235,000	£00	18 Sep 2023	10 Jan 2024	114 Days
6 Hawthorn Terrace, Bellingham, Hexham, Northumberland, NE48 2BN	£235,000	£225,000	-£10,000	14 Jun 2023	01 Nov 2023	140 Days
Elfkirk, West View, Bellingham, Hexham, Northumberland, NE48 2AH	£275,000	£260,000	-£15,000	17 Feb 2023	25 Oct 2023	250 Days
2 American Gardens, Wark, Hexham, Northumberland, NE48 3JP	£435,000	£420,000	-£15,000	18 May 2023	29 Sep 2023	134 Days
20 Briar Hill, Bellingham, Hexham, Northumberland, NE48 2BF	£260,000	£250,000	-£10,000	01 Jun 2023	29 Aug 2023	89 Days
7 Castle Drive, Kielder, Hexham, Northumberland, NE48 1EQ	£169,950	£149,000	-£20,950	20 Mar 2023	26 Jul 2023	128 Days
15 St Michaels Mount, Wark, Hexham, Northumberland, NE48 3NA	£249,500	£245,000	-£4,500	13 Mar 2023	30 Jun 2023	109 Days
7 Elliott Terrace, Wark, Hexham, Northumberland, NE48 3LE	£158,500	£158,500	£00	02 Sep 2022	16 Mar 2023	195 Days
2 Briar Hill, Bellingham, Hexham, Northumberland, NE48 2BF	£250,000	£230,000	-£20,000	22 Nov 2022	02 Mar 2023	100 Days
12 Chishillways, Barrasford, Hexham, Northumberland, NE48 4AE	£250,000	£250,000	£00	08 Nov 2022	30 Jan 2023	83 Days
10 Percy Terrace, Bellingham, Hexham, Northumberland, NE48 2BY	£145,000	£130,000	-£15,000	23 May 2022	20 Jan 2023	242 Days
2 Castle Cottages, Kielder, Hexham, Northumberland, NE48 1EP	£275,000	£275,000	£00	22 Jun 2022	15 Dec 2022	176 Days
Hamilton House, Boat Road, Bellingham, Hexham, Northumberland, NE48 2AP	£575,000	£575,000	£00	15 Aug 2022	09 Nov 2022	86 Days
Ivy Cottage, Foundry Yard, Ridsdale, Hexham, Northumberland, NE48 2TG	£285,000	£270,000	-£15,000	24 Apr 2022	28 Oct 2022	187 Days

Most Expensive Streets in NE48 (Hexham)

Postcode	Street	Area	Average	No. of Sales
NE48 2TA	West Woodburn	Hexham	£613,333	3
NE48 1AA	Falstone	Hexham	£577,666	3
NE48 2AP	Boat Road, Bellingham	Hexham	£558,333	3
NE48 4BH	Mill House Farm, Barrasford	Hexham	£415,000	3
NE48 3HL	Birtley	Hexham	£370,666	3
NE48 2RX	West Woodburn	Hexham	£346,666	3
NE48 3LQ	Wark	Hexham	£345,000	3
NE48 2EB	Buteland Heights, Bellingham	Hexham	£336,333	3
NE48 2ED	Bellingham	Hexham	£317,883	3
NE48 2SL	Shaw Lane, East Woodburn	Hexham	£314,920	5

Least Expensive Streets in NE48 (Hexham)

Postcode	Street	Area	Average	No. of Sales
NE48 1BZ	Hawkhope Hill, Falstone	Hexham	£127,296	4
NE48 3DZ	Kern Green, Stonehaugh	Hexham	£133,600	5
NE48 3LD	Dene Cottages, Wark	Hexham	£134,166	3
NE48 2DW	Westlands, Bellingham	Hexham	£135,416	12
NE48 1EQ	Castle Drive, Kielder	Hexham	£136,285	7
NE48 1HG	South End, Kielder	Hexham	£142,428	7
NE48 2TN	Armstrong Street, Ridsdale	Hexham	£143,333	3
NE48 3LW	Westacres, Wark	Hexham	£153,250	4
NE48 3LE	Elliott Terrace, Wark	Hexham	£155,857	7
NE48 2BY	Percy Terrace, Bellingham	Hexham	£156,750	4