According to the public record, 12, Park Well, Hexham is a modern freehold house with 2,217 ft2 of internal area and sits on a 588 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Park Well, Hexham, NE46 is located within the NE46 postal district.
12, Park Well, Hexham has 2 entries in the Land Registry database, most recently in March 2020 and a single entry in the EPC database dated June 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 12 Park Well Hexham as £631,417 and the rental value as £1,837 per month giving an expected gross yield of 3.5%.
Over the last 12 months the sale value of 12 Park Well Hexham has increased by £3,545 (0.6%) and its rental value has increased by £225 per month (12.3%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 12, Park Well, Hexham is in very good condition we estimate a sale value of £662,988 and rental value of £1,928 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £587,218 and a rental value of £1,708 per month.
If you were able to purchase this property for the estimated value of £631,417, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,103 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 12, Park Well, Hexham sits on a plot of 588m2.
We have plot size data on 16 out of 16 other houses in the postcode and 12, Park Well, Hexham sits on the 8th largest plot.
According to HM Land Registry, 12, Park Well, Hexham was last sold on 13 Mar 2020 for £540,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2020, the market for similar properties has risen 18.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Park Well, Hexham within a radius of 2.1 kilometres over the last 2 years.
The most recent example is 14, Park Well, Hexham, NE46 1AQ, a Freehold house which sold for £635,000 in May 2023.
Read more about house prices in NE46.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Well, Hexham, NE46 has a total of 16 addresses. According to our analysis of all the public data, 12, Park Well, Hexham is the largest and the most expensive property on the street.
When compared to the postcode district it is £311k more expensive than the average property in NE46.
12, Park Well, Hexham has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 13 Jun 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using an electric air source heat pump and underfloor heating.
The closest station to 12, Park Well, Hexham is Hexham station which is 1.9 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 12, Park Well, Hexham, 45.8% of property is privately owned outright and 36.8% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 12, Park Well, Hexham, 19.4% of residents are recorded as possessing school level qualifications and 54.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 12, Park Well, Hexham, the average age was 47.7 and the most common age was 62.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 12, Park Well, Hexham, 2.9% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 12, Park Well, Hexham, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.