Hexham

Area Guide For Hexham

Hexham is a market/business town, civil parish in Northumberland. In North east of England spotted south of the River Tyne and was administrative point for the Tynedale District from 1974 to 2009. The towns that was involved was Hexham, Prudhoe and halwhistle, Prudhoe was the largest out of the 3 other towns as population size. Hexham now have a total of a population 12,000 +. It has the only racecourse Northumberland. Hexham abbey is area in the town that dominated the market place and seem to be the local favourite.

 
 

Hexham Map

Estimated Price: £250,812
Average Asking Price: £300,669
Price change in last one year: £12,150
Average Price Paid: £220,691
Average Rent Rates: £1,148

 
 

Property Prices Breakdown in Hexham

Average Price for property in Hexham is around £250,812 which varies based on type of property you are interested in and ranges from £355,160 for detached house to around £206,837 for semi-detached. Similarly terraced house is around £183,964 and a flat is worth £144,237. Values have been changing and have risen £493 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,027 in last 6 months, £12,150 in last 1 year, £22,379 in last 2 years, £27,367 in last 3 years, £11,757 in last 4 years and £16,386 in last 5 years.

Currently average asking price of a property in Hexham is around £300,669 based on approximately 287 properties for sale. Same is the case with rental options based on 71 properties up for rent, average asking rent is around £1,148 per month.

Estimated property value in Hexham is £250,812. Average asking price is £300,669 while average price paid is £221,076 which is up by £12,150 and Avg. asking rent £1,148.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Hexham area. In last 1 year alone average price buyer paid is around £221,076 based on approximately 287 sales in Hexham area alone. If you compare it to last 3 years sales of 799 properties where buyers paid around £220,868. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £220,691 for 1,389 and average amount paid for purchase of approx. 1,907 properties sold in last 7 years comes to about £222,787 per sale.

 
 

Properties For Sale in Hexham

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £99,875, £154,710 for a 2 bedroom house, £261,039 for a 3 bedroom house, £357,390 for a 4 bedroom house and £552,438 for a 5 bedroom house. For a flat similarly the prices varies from £96,094 for a single bedroom to £131,844 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £207,836 and £169,975 for a 4 bedroom flat. To sum up the asking prices for properties in Hexham it comes to around average £97,257 for 1 bedroom property, £146,439 for 2 bedroom, £257,159 for 3 bedroom, £352,646 for 4 bedroom and £552,438 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £351 for 1 bedroom to £625 for 2 bedrooms, £579 for 3 bedrooms, £1,130 for 4 bedrooms and £1,395 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £478. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £531, £600 for 3 bedroom and £650 for 4 bedroom. You should be generally be expecting around average £466 rent per month for single bedroom property, £587 for 2 bedroom, £582 for 3 bedroom, £1,050 for 4 bedroom and approximately £1,396 for a 5 bedroom property in Hexham area.

Popular Houses in Hexham

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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