According to the public record, Merleycroft, Hexham is a period freehold house with 1,140 ft2 of internal area and sits on a 547 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Merryleazes, Hexham, NE46 is located within the NE46 postal district.
Merleycroft, Hexham has a single entry in the Land Registry database from February 2014 and a single entry in the EPC database dated August 2014.
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 Merleycroft Hexham as £343,111 and the rental value as £1,356 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of Merleycroft Hexham has increased by £5,944 (1.7%) and its rental value has increased by £184 per month (13.5%).
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 Merleycroft, Hexham is in very good condition we estimate a sale value of £360,266 and rental value of £1,423 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £319,093 and a rental value of £1,261 per month.
If you were able to purchase this property for the estimated value of £343,111, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,686 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, Merleycroft, Hexham sits on a plot of 547m2.
We have plot size data on 2 out of 4 other houses in the postcode and Merleycroft, Hexham sits on the largest plot.
According to HM Land Registry, Merleycroft, Hexham was last sold on 28 Feb 2014 for £280,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2014, the market for similar properties has risen 32.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Merleycroft, Hexham within a radius of 1.3 kilometres over the last 2 years.
The most recent example is 22, Southlands, Hexham, NE46 2NG, a Freehold house which sold for £365,000 in Dec 2023.
Read more about house prices in NE46.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merryleazes, Hexham, NE46 has a total of 4 addresses. According to our analysis of all the public data, Merleycroft, Hexham is the largest and the most expensive property on the street.
When compared to the postcode district it is £23k more expensive than the average property in NE46.
Merleycroft, Hexham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Aug 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Merleycroft, Hexham is Hexham station which is 2.2 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 Merleycroft, Hexham, 55.7% of property is privately owned outright and 22.2% 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 Merleycroft, Hexham, 14.1% of residents are recorded as possessing school level qualifications and 49.9% 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 Merleycroft, 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 Merleycroft, Hexham, 1.0% 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 Merleycroft, Hexham, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.