8, Millfield Terrace, Hexham has a single entry in the Land Registry database from July 2013 and a single entry in the EPC database dated November 2012.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
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 8, Millfield Terrace, Hexham is in very good condition we estimate a sale value of £218,389 and rental value of £893 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £193,430 and a rental value of £791 per month.
If you were able to purchase this property for the estimated value of £207,990, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,022 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, 8, Millfield Terrace, Hexham was last sold on 26 Jul 2013 for £160,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2013, the market for similar properties has risen 21.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Millfield Terrace, Hexham within a radius of 610 metres over the last 2 years.
The most recent example is 22, Millfield Terrace, Hexham, NE46 3EF, a Leasehold flat which sold for £200,000 in Sep 2021.
Read more about house prices in NE46.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Millfield Terrace, Hexham, NE46 has a total of 33 addresses. According to our analysis of all the public data, 8, Millfield Terrace, Hexham is the 20th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £112k less expensive than the average property in NE46.
8, Millfield Terrace, Hexham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Nov 2012.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
According to the public record, 8, Millfield Terrace, Hexham is a period leasehold apartment with 1,054 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Millfield Terrace, Hexham, NE46 is located within the NE46 postal district.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 8 Millfield Terrace Hexham as £207,990 and the rental value as £851 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 8 Millfield Terrace Hexham has increased by £5,079 (2.4%) and its rental value has increased by £122 per month (14.4%).
The closest station to 8, Millfield Terrace, 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 8, Millfield Terrace, Hexham, 43.7% of property is privately owned outright and 27.0% 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 8, Millfield Terrace, Hexham, 17.3% of residents are recorded as possessing school level qualifications and 62.3% 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 8, Millfield 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 8, Millfield Terrace, Hexham, 1.9% 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 8, Millfield Terrace, 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.