According to the public record, 2, Park Terrace, Hexham is a period freehold house and with 1,603 ft2 of internal area and sits on a 290 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Park Terrace, Humshaugh, Hexham, NE46 is located within the NE46 postal district.
2, Park Terrace, Hexham has 21 entries in the Land Registry database, most recently in October 2012 and no records in the EPC database.
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 Park Terrace Hexham as £369,366 and the rental value as £1,419 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 2 Park Terrace Hexham has increased by £2,835 (0.8%) and its rental value has increased by £169 per month (11.9%).
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, Park Terrace, Hexham is in very good condition we estimate a sale value of £387,835 and rental value of £1,490 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £343,511 and a rental value of £1,320 per month.
If you were able to purchase this property for the estimated value of £369,366, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,815 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, Park Terrace, Hexham sits on a plot of 290m2.
We have plot size data on 3 out of 3 other houses in the postcode and 2, Park Terrace, Hexham sits on the 3rd largest plot.
According to HM Land Registry, 2, Park Terrace, Hexham was last sold on 29 Oct 2012 for £282,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2012, the market for similar properties has risen 35.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Park Terrace, Hexham within a radius of 633m over the last 2 years.
The most recent example is 23, Beechcroft, Hexham, NE46 4DN, a Freehold house which sold for £285,000 in Jun 2021.
Read more about house prices in NE46.
Park Terrace, Humshaugh, Hexham, NE46 has a total of 3 addresses. According to our analysis of all the public data, 2, Park Terrace, Hexham is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £49k more expensive than the average property in NE46.
2, Park Terrace, Hexham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Apr 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to 2, Park Terrace, Hexham is Hexham station which is 7.2 km 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, Park Terrace, Hexham, 38.6% of property is privately owned outright and 33.5% 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 2, Park Terrace, Hexham, 14.6% of residents are recorded as possessing school level qualifications and 48.1% 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, Park 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 2, Park Terrace, Hexham, 0.6% 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, Park Terrace, Hexham, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.