According to the public record, 2, Westfield Terrace, Hexham is a period freehold house with 1,162 ft2 of internal area and sits on a 122 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Westfield Terrace, Hexham, NE46 is located within the NE46 postal district.
2, Westfield Terrace, Hexham has a single entry in the Land Registry database from January 2024 and a single entry in the EPC database dated November 2023.
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 Westfield Terrace Hexham as £111,090 and the rental value as £523 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 2 Westfield Terrace Hexham has increased by £2,671 (2.4%) and its rental value has increased by £75 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, Westfield Terrace, Hexham is in very good condition we estimate a sale value of £116,644 and rental value of £549 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £103,313 and a rental value of £486 per month.
If you were able to purchase this property for the estimated value of £111,090, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £546 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, Westfield Terrace, Hexham sits on a plot of 122m2.
We have plot size data on 5 out of 8 other houses in the postcode and 2, Westfield Terrace, Hexham sits on the 4th largest plot.
According to HM Land Registry, 2, Westfield Terrace, Hexham was last sold on 17 Jan 2024 for £102,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2024, the market for similar properties has risen 6.9%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 2, Westfield Terrace, Hexham within a radius of 630 metres over the last 2 years.
The most recent example is 3, Westfield Terrace, Hexham, NE46 3DJ, a Freehold house which sold for £230,000 in Aug 2016.
Read more about house prices in NE46.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Westfield Terrace, Hexham, NE46 has a total of 8 addresses. According to our analysis of all the public data, 2, Westfield Terrace, Hexham is the 5th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £209k less expensive than the average property in NE46.
2, Westfield Terrace, Hexham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 23 Nov 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 2, Westfield Terrace, Hexham is Hexham station which is 1.2 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, Westfield Terrace, Hexham, 60.2% of property is privately owned outright and 23.7% 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, Westfield Terrace, Hexham, 21.0% of residents are recorded as possessing school level qualifications and 54.6% 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, Westfield 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, Westfield Terrace, Hexham, 0.7% 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, Westfield Terrace, Hexham, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.