According to the public record, 2 Nursery Cottages, Hexham is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 759 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2, Hexham, NE46.
Hexham, NE46 is located within the NE46 postal district.
2 Nursery Cottages, Hexham has 81 entries in the Land Registry database, most recently in September 2024 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Nursery Cottages Hexham as £97,015 and the rental value as £607 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 2 Nursery Cottages Hexham has increased by £2,013 (2.1%) and its rental value has increased by £85 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 2 Nursery Cottages, Hexham is in very good condition we estimate a sale value of £101,866 and rental value of £637 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £90,224 and a rental value of £564 per month.
If you were able to purchase this property for the estimated value of £97,015, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £477 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, 2 Nursery Cottages, Hexham was last sold on 25 Nov 2021 for £250,000 and was recorded as a leasehold flat.
The property has had 8 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Nursery Cottages, Hexham within a radius of 660 metres over the last 2 years.
The most recent example is 2, Garland Place, Hexham, NE46 3QG, a Leasehold flat which sold for £92,500 in Apr 2022.
Read more about house prices in NE46.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hexham, NE46 has a total of 434 addresses. According to our analysis of all the public data, 2 Nursery Cottages, Hexham is the 319th largest and the 353rd most expensive property on the street.
When compared to the postcode district it is £223k less expensive than the average property in NE46.
The closest station to 2 Nursery Cottages, Hexham is Hexham station which is 1.1 kilometres away.