2, Park Terrace
2, Park Terrace
Description & Estimates
2, Park Terrace, Hexham is recorded publicly as a period freehold house across 1,603 ft2 of internal area, sitting on a 290 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 2, Park Terrace, Hexham is £369,182 and its rental estimate is £1,589 per month, given the available information and assuming reasonable condition.
Park Terrace, Humshaugh, Hexham, NE46 falls within the NE46 postal district.
Our Data Sources
2, Park Terrace, Hexham has 21 entries in the Land Registry , most recently in October 2012 and a single entry in the EPC database dated April 2021.
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.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Park Terrace, Hexham, we estimate a market value of £387,641 and a rental value of £1,669 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £343,339 and £1,478 per month respectively.
Recent Market Change
Over the last year, 2, Park Terrace, Hexham has seen its estimated sale value grow by £14,183 (3.8%) and its estimated rental value climb by £41 per month (2.6%). This results in an estimated gross rental yield of 5.2%.
Plot Size
HM Land Registry records the plot of land for 2, Park Terrace, Hexham as measuring 290 m2.
That makes it the 3rd largest plot in the postcode, where all 3 other houses have recorded plot data.
Energy Efficiency
2, Park Terrace, Hexham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Apr 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
The most recent sale of 2, Park Terrace, Hexham completed on 29th October 2012 at £282,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 38.4% over the period since October 2012.
- Sold Oct 2012£282,000
- Sold Sep 2004£249,995
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Park Terrace, Hexham have sold within a radius of 5.8 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th September 2024, was Thorntree Cottage, Hexham, NE46 4HJ, a freehold house which sold for £350,000.
Read more about house prices in NE46.
- Sold Sep 2024£350,000 | 4 Bed HouseThorntree Cottage, Hexham, NE46 4HJThorntree Cottage, Hexham, NE46 4HJ
- Sold Jun 2021£285,000 | 4 Bed House23, Beechcroft, Hexham, NE46 4DN23, Beechcroft, Hexham, NE46 4DN
- Sold Oct 2019£249,000 | 4 Bed HouseWayside, Burn Lane, Hexham, NE46 4ANWayside, Burn Lane, Hexham, NE46 4AN
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 3 addresses on Park Terrace, Humshaugh, Hexham, NE46, 2, Park Terrace, Hexham comes out as the 2nd largest and the 2nd most expensive in our analysis of the public data.
It is also £50k more expensive than the average property across the NE46 district.
More reading links
Schools Nearby
- 400mHumshaugh Church of England First School
- 2.0kmChollerton Church of England Aided First School
- 4.9kmAcomb First School
- 7.4kmQueen Elizabeth High School
- 10.7kmHaydon Bridge High School
- 19.6kmPrudhoe Community High School
More reading links
Public Transport Nearby
From 2, Park Terrace, Hexham, the nearest station is Hexham , 7.2 kilometres away.
- 7.2kmHexham
- 10.3kmCorbridge
- 10.5kmHaydon Bridge
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
