According to the public record, 3 Burn Brae House, Hexham is a period leasehold apartment with 1,140 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Burn Brae House, Hencotes, Hexham, NE46.
Hencotes, Hexham, NE46 is located within the NE46 postal district.
3 Burn Brae House, Hexham has 2 entries in the Land Registry database, most recently in December 2020 and a single entry in the EPC database dated June 2016.
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 3 Burn Brae House Hexham as £353,448 and the rental value as £1,161 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of 3 Burn Brae House Hexham has increased by £9,118 (2.6%) and its rental value has increased by £169 per month (14.5%).
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 3 Burn Brae House, Hexham is in very good condition we estimate a sale value of £371,120 and rental value of £1,219 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £328,707 and a rental value of £1,080 per month.
If you were able to purchase this property for the estimated value of £353,448, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,737 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, 3 Burn Brae House, Hexham was last sold on 17 Dec 2020 for £329,950 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2020, the market for similar properties has risen 9.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3 Burn Brae House, Hexham within a radius of 530 metres over the last 2 years.
The most recent example is 5 Burn Brae House, Hencotes, Hexham, NE46 2DY, a Leasehold flat which sold for £315,000 in Nov 2020.
Read more about house prices in NE46.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hencotes, Hexham, NE46 has a total of 58 addresses. According to our analysis of all the public data, 3 Burn Brae House, Hexham is the 13th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £33k more expensive than the average property in NE46.
3 Burn Brae House, Hexham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Jun 2016.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 3 Burn Brae House, Hexham is Hexham station which is 800 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 3 Burn Brae House, Hexham, 41.0% of property is socially rented and 32.8% is privately owned outright.
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 3 Burn Brae House, Hexham, 9.6% of residents are recorded as possessing school level qualifications and 40.9% 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 3 Burn Brae House, 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 3 Burn Brae House, Hexham, 0.0% 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 3 Burn Brae House, Hexham, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.