According to the public record, 2, Millfield Gardens, Hexham is a early-century freehold house with 1,087 ft2 of internal area and sits on a 229 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Millfield Gardens, Hexham, NE46 is located within the NE46 postal district.
2, Millfield Gardens, Hexham has 21 entries in the Land Registry database, most recently in November 2019 and a single entry in the EPC database dated May 2019.
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 2 Millfield Gardens Hexham as £297,762 and the rental value as £1,277 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 2 Millfield Gardens Hexham has increased by £7,160 (2.4%) and its rental value has increased by £183 per month (14.3%).
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 2, Millfield Gardens, Hexham is in very good condition we estimate a sale value of £312,650 and rental value of £1,341 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £276,919 and a rental value of £1,188 per month.
If you were able to purchase this property for the estimated value of £297,762, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,463 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, 2, Millfield Gardens, Hexham sits on a plot of 229m2.
We have plot size data on 9 out of 15 other houses in the postcode and 2, Millfield Gardens, Hexham sits on the 7th largest plot.
According to HM Land Registry, 2, Millfield Gardens, Hexham was last sold on 27 Nov 2019 for £210,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2019, the market for similar properties has risen 22.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Millfield Gardens, Hexham within a radius of 700 metres over the last 2 years.
The most recent example is 30, Millfield Terrace, Hexham, NE46 3EF, a Freehold house which sold for £295,000 in Jul 2023.
Read more about house prices in NE46.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Millfield Gardens, Hexham, NE46 has a total of 15 addresses. According to our analysis of all the public data, 2, Millfield Gardens, Hexham is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £22k less expensive than the average property in NE46.
2, Millfield Gardens, Hexham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 May 2019.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 2, Millfield Gardens, Hexham is Hexham station which is 1.0 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 2, Millfield Gardens, Hexham, 61.2% of property is privately owned outright and 25.9% 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 2, Millfield Gardens, Hexham, 15.3% of residents are recorded as possessing school level qualifications and 50.0% 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 2, Millfield Gardens, 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 2, Millfield Gardens, Hexham, 2.6% 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 2, Millfield Gardens, Hexham, there are an average of 1.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.