According to the public record, Merry Leazes West, Hexham is a period freehold house with 1,786 ft2 of internal area and sits on a 500 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Allendale Road, Hexham, NE46 is located within the NE46 postal district.
Merry Leazes West, Hexham has a single entry in the Land Registry database from September 2009 and a single entry in the EPC database dated October 2008.
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 West Hexham as £526,637 and the rental value as £1,529 per month giving an expected gross yield of 3.5%.
Over the last 12 months the sale value of Merry Leazes West Hexham has increased by £6,249 (1.2%) and its rental value has increased by £198 per month (12.9%).
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 West, Hexham is in very good condition we estimate a sale value of £552,969 and rental value of £1,605 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £489,772 and a rental value of £1,422 per month.
If you were able to purchase this property for the estimated value of £526,637, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,588 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 West, Hexham sits on a plot of 500m2.
We have plot size data on 15 out of 26 other houses in the postcode and Merry Leazes West, Hexham sits on the 14th largest plot.
According to HM Land Registry, Merry Leazes West, Hexham was last sold on 01 Sep 2009 for £307,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2009, the market for similar properties has risen 33.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Merry Leazes West, Hexham within a radius of 1.2 kilometres over the last 2 years.
The most recent example is Pinehurst, Allendale Road, Hexham, NE46 2NB, a Freehold house which sold for £487,500 in Sep 2022.
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 West, Hexham is the 46th largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £206k more expensive than the average property in NE46.
Merry Leazes West, Hexham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 07 Oct 2008.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Merry Leazes West, 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 West, 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 West, 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 West, 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 West, 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 West, 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.