According to the public record, 15, Kingsgate Terrace, Hexham is a period leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Kingsgate Terrace, Hexham, NE46 is located within the NE46 postal district.
15, Kingsgate Terrace, Hexham has a single entry in the Land Registry database from February 2021 and a single entry in the EPC database dated August 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 15 Kingsgate Terrace Hexham as £145,750 and the rental value as £777 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 15 Kingsgate Terrace Hexham has increased by £3,024 (2.1%) and its rental value has increased by £108 per month (13.9%).
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 15, Kingsgate Terrace, Hexham is in very good condition we estimate a sale value of £153,037 and rental value of £815 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £135,547 and a rental value of £722 per month.
If you were able to purchase this property for the estimated value of £145,750, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £716 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 HM Land Registry, 15, Kingsgate Terrace, Hexham was last sold on 12 Feb 2021 for £120,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2021, the market for similar properties has risen 13.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Kingsgate Terrace, Hexham within a radius of 680 metres over the last 2 years.
The most recent example is 9, Kingsgate Terrace, Hexham, NE46 3EP, a Leasehold flat which sold for £135,000 in Nov 2022.
Read more about house prices in NE46.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kingsgate Terrace, Hexham, NE46 has a total of 63 addresses. According to our analysis of all the public data, 15, Kingsgate Terrace, Hexham is the 41st largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £174k less expensive than the average property in NE46.
15, Kingsgate Terrace, Hexham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Aug 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 15, Kingsgate Terrace, Hexham is Hexham station which is 800 metres 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 15, Kingsgate Terrace, Hexham, 46.0% of property is privately rented and 29.2% is privately owned outright.
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 15, Kingsgate Terrace, Hexham, 13.7% of residents are recorded as possessing school level qualifications and 41.0% 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 15, Kingsgate Terrace, 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 15, Kingsgate Terrace, Hexham, 1.6% 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 15, Kingsgate Terrace, Hexham, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.