According to the public record, 1, Spinney Lane, Wellingborough is a mid-century freehold house with 1,722 ft2 of internal area and sits on a 1,196 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Spinney Lane, Wilby, Wellingborough, NN8 is located within the NN8 postal district.
1, Spinney Lane, Wellingborough has 2 entries in the Land Registry database, most recently in April 2007 and a single entry in the EPC database dated March 2013.
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 Spinney Lane Wellingborough as £527,433 and the rental value as £1,939 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 1 Spinney Lane Wellingborough has decreased by £6,163 (1.2%) and its rental value has increased by £109 per month (5.6%).
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, Spinney Lane, Wellingborough is in very good condition we estimate a sale value of £553,805 and rental value of £2,036 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £490,513 and a rental value of £1,804 per month.
If you were able to purchase this property for the estimated value of £527,433, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,592 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, Spinney Lane, Wellingborough sits on a plot of 1196m2.
We have plot size data on 1 out of 3 other houses in the postcode and 1, Spinney Lane, Wellingborough sits on the largest plot.
According to HM Land Registry, 1, Spinney Lane, Wellingborough was last sold on 18 Apr 2007 for £325,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2007, the market for similar properties has risen 60.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Spinney Lane, Wellingborough within a radius of 910 metres over the last 2 years.
The most recent example is 34, Cleeve Way, Wellingborough, NN8 2RT, a Freehold house which sold for £505,000 in Mar 2023.
Read more about house prices in NN8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spinney Lane, Wilby, Wellingborough, NN8 has a total of 3 addresses. According to our analysis of all the public data, 1, Spinney Lane, Wellingborough is the largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £288k more expensive than the average property in NN8.
1, Spinney Lane, Wellingborough has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Mar 2013.
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, Spinney Lane, Wellingborough is Wellingborough station which is 3.4 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, Spinney Lane, Wellingborough, 65.3% of property is privately owned outright and 21.1% 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 1, Spinney Lane, Wellingborough, 11.3% of residents are recorded as possessing school level qualifications and 22.9% 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, Spinney Lane, Wellingborough, the average age was 45.1 and the most common age was 52.
The graph below shows how this compares to East Midlands 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, Spinney Lane, Wellingborough, 2.2% of property was a second home.
Comparison figures for East Midlands 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, Spinney Lane, Wellingborough, there are an average of 1.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.