According to the public record, 23, Milkwell, Corbridge is a mid-century freehold house and with 990 ft2 of internal area and sits on a 186 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Milkwell, Corbridge, NE45 is located within the NE45 postal district.
23, Milkwell, Corbridge has 2 entries in the Land Registry database, most recently in June 2022 and no records in the EPC database.
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 23 Milkwell Corbridge as £205,156 and the rental value as £1,017 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 23 Milkwell Corbridge has increased by £5,246 (2.6%) and its rental value has increased by £130 per month (12.8%).
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 23, Milkwell, Corbridge is in very good condition we estimate a sale value of £215,414 and rental value of £1,067 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £190,795 and a rental value of £945 per month.
If you were able to purchase this property for the estimated value of £205,156, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,008 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, 23, Milkwell, Corbridge sits on a plot of 186m2.
We have plot size data on 11 out of 23 other houses in the postcode and 23, Milkwell, Corbridge sits on the 7th largest plot.
According to HM Land Registry, 23, Milkwell, Corbridge was last sold on 30 Jun 2022 for £195,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2022, the market for similar properties has risen 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Milkwell, Corbridge within a radius of 66m over the last 2 years.
The most recent example is 8, Synclen Avenue, Corbridge, NE45 5JF, a Freehold house which sold for £205,500 in Feb 2022.
Read more about house prices in NE45.
Milkwell, Corbridge, NE45 has a total of 26 addresses. According to our analysis of all the public data, 23, Milkwell, Corbridge is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £115k less expensive than the average property in NE45.
23, Milkwell, Corbridge has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Feb 2014.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 23, Milkwell, Corbridge is Corbridge station which is 1.3 km 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 23, Milkwell, Corbridge, 48.0% of property is privately owned outright and 28.3% 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 23, Milkwell, Corbridge, 18.9% of residents are recorded as possessing school level qualifications and 44.3% 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 23, Milkwell, 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 23, Milkwell, Corbridge, 2.8% 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 23, Milkwell, Corbridge, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.