According to the public record, Spring House, Hexham is a period house with 2,906 ft2 of internal area and sits on a 1,037 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Slaley, Hexham, NE47 is located within the NE47 postal district.
Spring House, Hexham has no records in the Land Registry database and a single entry in the EPC database dated February 2015.
We combine this information with public data 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 Spring House Hexham as £705,031 and the rental value as £1,802 per month giving an expected gross yield of 3.1%.
Over the last 12 months the sale value of Spring House Hexham has decreased by £2,719 (0.4%) and its rental value has increased by £161 per month (8.9%).
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 Spring House, Hexham is in very good condition we estimate a sale value of £740,283 and rental value of £1,892 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £655,679 and a rental value of £1,676 per month.
If you were able to purchase this property for the estimated value of £705,031, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,465 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, Spring House, Hexham sits on a plot of 1037m2.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Spring House, Hexham within a radius of 7.8 kilometres over the last 2 years.
The most recent example is Low Raw Green, Hexham, NE47 0HL, a Freehold house which sold for £837,000 in Dec 2022.
Read more about house prices in NE47.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Slaley, Hexham, NE47 has a total of 201 addresses. According to our analysis of all the public data, Spring House, Hexham is the 18th largest and the 25th most expensive property on the street.
When compared to the postcode district it is £447k more expensive than the average property in NE47.
Spring House, Hexham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Feb 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to Spring House, Hexham is Corbridge station which is 8.1 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 Spring House, Hexham, 52.1% of property is privately owned outright and 28.1% 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 Spring House, Hexham, 17.5% of residents are recorded as possessing school level qualifications and 44.4% 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 Spring House, 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 Spring House, Hexham, 3.0% 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 Spring House, 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.