According to the public record, 18, Pudding Mews, Hexham is a modern leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Pudding Mews, Hexham, NE46 is located within the NE46 postal district.
18, Pudding Mews, Hexham has 2 entries in the Land Registry database, most recently in July 2023 and a single entry in the EPC database dated August 2022.
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 18 Pudding Mews Hexham as £101,416 and the rental value as £637 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 18 Pudding Mews Hexham has increased by £2,105 (2.1%) and its rental value has increased by £89 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 18, Pudding Mews, Hexham is in very good condition we estimate a sale value of £106,487 and rental value of £669 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £94,317 and a rental value of £592 per month.
If you were able to purchase this property for the estimated value of £101,416, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £498 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, 18, Pudding Mews, Hexham was last sold on 21 Jul 2023 for £90,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2023, the market for similar properties has risen 1.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Pudding Mews, Hexham within a radius of 660 metres over the last 2 years.
The most recent example is 37, Pudding Mews, Hexham, NE46 3SW, a Leasehold flat which sold for £96,000 in Jun 2023.
Read more about house prices in NE46.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pudding Mews, Hexham, NE46 has a total of 37 addresses. According to our analysis of all the public data, 18, Pudding Mews, Hexham is the 15th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £219k less expensive than the average property in NE46.
18, Pudding Mews, Hexham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Aug 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 18, Pudding Mews, Hexham is Hexham station which is 400 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 18, Pudding Mews, Hexham, 41.6% of property is privately owned outright and 36.8% is privately rented.
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 18, Pudding Mews, Hexham, 5.7% of residents are recorded as possessing school level qualifications and 32.0% 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 18, Pudding Mews, 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 18, Pudding Mews, Hexham, 2.8% 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 18, Pudding Mews, Hexham, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.