According to the public record, Redmires, Hexham is a period freehold house with 2,604 ft2 of internal area and sits on a 353,221 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Elvaston Park Road, Hexham, NE46 is located within the NE46 postal district.
Redmires, Hexham has a single entry in the Land Registry database from March 2024 and a single entry in the EPC database dated August 2023.
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 Redmires Hexham as £769,073 and the rental value as £1,965 per month giving an expected gross yield of 3.1%.
Over the last 12 months the sale value of Redmires Hexham has increased by £2,608 (0.3%) and its rental value has increased by £236 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 Redmires, Hexham is in very good condition we estimate a sale value of £807,527 and rental value of £2,064 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £715,238 and a rental value of £1,828 per month.
If you were able to purchase this property for the estimated value of £769,073, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,780 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, Redmires, Hexham sits on a plot of 353221m2.
We have plot size data on 10 out of 17 other houses in the postcode and Redmires, Hexham sits on the largest plot.
According to HM Land Registry, Redmires, Hexham was last sold on 19 Mar 2024 for £872,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2024, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Redmires, Hexham within a radius of 670 metres over the last 2 years.
The most recent example is 14, Elvaston Road, Hexham, NE46 2HD, a Freehold house which sold for £560,000 in Jul 2023.
Read more about house prices in NE46.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elvaston Park Road, Hexham, NE46 has a total of 21 addresses. According to our analysis of all the public data, Redmires, Hexham is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £449k more expensive than the average property in NE46.
Redmires, Hexham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 08 Aug 2023.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Redmires, Hexham is Hexham station which is 1.2 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 Redmires, Hexham, 59.9% of property is privately owned outright and 30.3% 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 Redmires, Hexham, 18.2% of residents are recorded as possessing school level qualifications and 62.2% 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 Redmires, 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 Redmires, Hexham, 3.2% 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 Redmires, Hexham, there are an average of 1.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.