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According to the public record, 2 Burnlaw, Hexham is a period leasehold apartment with 870 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2 Burnlaw, Hexham is £79,092 and the estimated rental value is £516 per month.
The apartment is within Burnlaw, Whitfield, Hexham, NE47.
Whitfield, Hexham, NE47 is located within the NE47 postal district.
2 Burnlaw, Hexham has a single entry in the Land Registry from October 2015 and a single entry in the EPC database dated February 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 2 Burnlaw, Hexham is in very good condition we estimate a sale value of £83,046 and a rental value of £542 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £73,555 and a rental value of £480 per month.
Over the last 12 months the sale value of 2 Burnlaw Hexham has increased by an estimated £920 (1.2%) and its rental value has increased by an estimated £11 per month (2.1%), giving an expected gross yield of 7.8%.
2 Burnlaw, Hexham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 Feb 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, wood pellets.
According to HM Land Registry, 2 Burnlaw, Hexham was last sold on 12th October 2015 for £150,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since October 2015, the market for similar properties has risen 83.9%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 8.3 kilometres radius of 2 Burnlaw, Hexham over the last 2 years.
The most recent example is Lane Head, Hexham, NE47 9ER, a freehold house which sold for £1,000,000 on the 25th March 2021.
Read more about house prices in NE47.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Whitfield, Hexham, NE47 has a total of 85 addresses. According to our analysis of all the public data, 2 Burnlaw, Hexham is the 78th largest and the 85th most expensive property on the street.
When compared to the postcode district it is £185k less expensive than the average property in NE47.
The closest station to 2 Burnlaw, Hexham is Bardon Mill station which is 7.1 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 2 Burnlaw, Hexham, 61.1% of property is privately owned outright and 24.2% is privately owned with a mortgage.
The graph below shows how this compares to North East 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 2 Burnlaw, Hexham, 12.2% of residents are recorded as possessing school level qualifications and 51.8% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2 Burnlaw, 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 2 Burnlaw, Hexham, 0.3% 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 2 Burnlaw, 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.
