According to the public record, Merry Leazes East, Hexham is a period freehold house with 2,041 ft2 of internal area and sits on a 537 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Allendale Road, Hexham, NE46 is located within the NE46 postal district.
Merry Leazes East, Hexham has 21 entries in the Land Registry database, most recently in October 2015 and a single entry in the EPC database dated October 2010.
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 Merry Leazes East Hexham as £572,501 and the rental value as £1,707 per month giving an expected gross yield of 3.6%.
Over the last 12 months the sale value of Merry Leazes East Hexham has increased by £1,915 (0.3%) and its rental value has increased by £205 per month (12.0%).
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 Merry Leazes East, Hexham is in very good condition we estimate a sale value of £601,126 and rental value of £1,792 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £532,426 and a rental value of £1,588 per month.
If you were able to purchase this property for the estimated value of £572,501, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,814 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, Merry Leazes East, Hexham sits on a plot of 537m2.
We have plot size data on 15 out of 26 other houses in the postcode and Merry Leazes East, Hexham sits on the 12th largest plot.
According to HM Land Registry, Merry Leazes East, Hexham was last sold on 30 Oct 2015 for £355,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2015, the market for similar properties has risen 26.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Merry Leazes East, Hexham within a radius of 1.2 kilometres over the last 2 years.
The most recent example is Kilraine, Allendale Road, Hexham, NE46 2NQ, a Freehold house which sold for £705,000 in Jul 2024.
Read more about house prices in NE46.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Allendale Road, Hexham, NE46 has a total of 87 addresses. According to our analysis of all the public data, Merry Leazes East, Hexham is the 41st largest and the 45th most expensive property on the street.
When compared to the postcode district it is £252k more expensive than the average property in NE46.
Merry Leazes East, Hexham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 07 Oct 2010.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to Merry Leazes East, Hexham is Hexham station which is 1.9 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 Merry Leazes East, Hexham, 72.1% of property is privately owned outright and 23.0% 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 Merry Leazes East, Hexham, 15.8% of residents are recorded as possessing school level qualifications and 50.6% 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 Merry Leazes East, 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 Merry Leazes East, Hexham, 1.4% 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 Merry Leazes East, 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.