According to the public record, 2, Falcon Terrace, Wylam is a period freehold house with 2,049 ft2 of internal area and sits on a 203 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Falcon Terrace, Wylam, NE41 is located within the NE41 postal district.
2, Falcon Terrace, Wylam has 31 entries in the Land Registry database, most recently in March 2011 and a single entry in the EPC database dated September 2010.
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 2 Falcon Terrace Wylam as £541,695 and the rental value as £1,342 per month giving an expected gross yield of 3%.
Over the last 12 months the sale value of 2 Falcon Terrace Wylam has increased by £1,532 (0.3%) and its rental value has increased by £89 per month (6.7%).
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 2, Falcon Terrace, Wylam is in very good condition we estimate a sale value of £568,780 and rental value of £1,409 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £503,776 and a rental value of £1,248 per month.
If you were able to purchase this property for the estimated value of £541,695, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,662 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, 2, Falcon Terrace, Wylam sits on a plot of 203m2.
We have plot size data on 17 out of 30 other houses in the postcode and 2, Falcon Terrace, Wylam sits on the largest plot.
According to HM Land Registry, 2, Falcon Terrace, Wylam was last sold on 09 Mar 2011 for £384,950 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Mar 2011, the market for similar properties has risen 38.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Falcon Terrace, Wylam within a radius of 2.0 kilometres over the last 2 years.
The most recent example is 7, Falcon Terrace, Wylam, NE41 8EE, a Freehold house which sold for £467,000 in May 2023.
Read more about house prices in NE41.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Falcon Terrace, Wylam, NE41 has a total of 30 addresses. According to our analysis of all the public data, 2, Falcon Terrace, Wylam is the 3rd largest and the 4th most expensive property on the street.
When compared to the postcode district it is £295k more expensive than the average property in NE41.
2, Falcon Terrace, Wylam has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 16 Sep 2010.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 2, Falcon Terrace, Wylam is Wylam station which is 300 metres 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, Falcon Terrace, Wylam, 50.0% of property is privately owned outright and 29.8% 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 2, Falcon Terrace, Wylam, 19.0% of residents are recorded as possessing school level qualifications and 54.6% 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 2, Falcon Terrace, Wylam, the average age was 47 and the most common age was 52.
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, Falcon Terrace, Wylam, 0.0% 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, Falcon Terrace, Wylam, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.