According to the public record, 3, Mill Race, Bishop Auckland is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,229 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Mill Race, Wolsingham, Bishop Auckland, DL13 is located within the DL13 postal district.
3, Mill Race, Bishop Auckland has a single entry in the Land Registry database from August 2009 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 3 Mill Race Bishop Auckland as £328,098 and the rental value as £1,038 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of 3 Mill Race Bishop Auckland has increased by £8,041 (2.5%) and its rental value has increased by £91 per month (8.8%).
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 3, Mill Race, Bishop Auckland is in very good condition we estimate a sale value of £344,503 and rental value of £1,090 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,131 and a rental value of £965 per month.
If you were able to purchase this property for the estimated value of £328,098, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,613 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 HM Land Registry, 3, Mill Race, Bishop Auckland was last sold on 21 Aug 2009 for £220,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2009, the market for similar properties has risen 29.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Mill Race, Bishop Auckland within a radius of 5.0 kilometres over the last 2 years.
The most recent example is 10, Lea Green, Bishop Auckland, DL13 3DU, a Freehold house which sold for £217,500 in Oct 2023.
Read more about house prices in DL13.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Race, Wolsingham, Bishop Auckland, DL13 has a total of 12 addresses. According to our analysis of all the public data, 3, Mill Race, Bishop Auckland is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £110k more expensive than the average property in DL13.
The closest station to 3, Mill Race, Bishop Auckland is Bishop Auckland station which is 15.7 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 3, Mill Race, Bishop Auckland, 44.8% of property is privately owned outright and 20.0% is socially rented.
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 3, Mill Race, Bishop Auckland, 14.2% of residents are recorded as possessing school level qualifications and 30.4% 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 3, Mill Race, Bishop Auckland, the average age was 49.4 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 3, Mill Race, Bishop Auckland, 1.4% 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 3, Mill Race, Bishop Auckland, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.