According to the public record, 1, Leazes Terrace, Corbridge is a early-century freehold house with 1,151 ft2 of internal area and sits on a 502 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Leazes Terrace, Corbridge, NE45 is located within the NE45 postal district.
1, Leazes Terrace, Corbridge has 21 entries in the Land Registry database, most recently in May 2021 and a single entry in the EPC database dated June 2020.
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 1 Leazes Terrace Corbridge as £422,109 and the rental value as £1,324 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of 1 Leazes Terrace Corbridge has increased by £7,090 (1.7%) and its rental value has increased by £155 per month (11.7%).
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 1, Leazes Terrace, Corbridge is in very good condition we estimate a sale value of £443,214 and rental value of £1,390 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £392,561 and a rental value of £1,231 per month.
If you were able to purchase this property for the estimated value of £422,109, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,075 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, 1, Leazes Terrace, Corbridge sits on a plot of 502m2.
We have plot size data on 3 out of 8 other houses in the postcode and 1, Leazes Terrace, Corbridge sits on the 3rd largest plot.
According to HM Land Registry, 1, Leazes Terrace, Corbridge was last sold on 26 May 2021 for £420,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2021, the market for similar properties has risen 11.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Leazes Terrace, Corbridge within a radius of 2.3 kilometres over the last 2 years.
The most recent example is 55, Friesian Drive, Corbridge, NE45 5SN, a Freehold house which sold for £369,950 in Aug 2023.
Read more about house prices in NE45.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Leazes Terrace, Corbridge, NE45 has a total of 8 addresses. According to our analysis of all the public data, 1, Leazes Terrace, Corbridge is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £102k more expensive than the average property in NE45.
1, Leazes Terrace, Corbridge has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Jun 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Leazes Terrace, Corbridge is Corbridge station which is 1.4 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 1, Leazes Terrace, Corbridge, 48.5% of property is privately owned outright and 27.6% 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 1, Leazes Terrace, Corbridge, 13.1% of residents are recorded as possessing school level qualifications and 40.5% 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 1, Leazes Terrace, Corbridge, the average age was 43 and the most common age was 57.
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 1, Leazes Terrace, Corbridge, 0.7% 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 1, Leazes Terrace, Corbridge, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.