According to the public record, 3, Railway Cottages, Wylam is a period freehold house with 861 ft2 of internal area and sits on a 103 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Railway Cottages, Wylam, NE41 is located within the NE41 postal district.
3, Railway Cottages, Wylam has 41 entries in the Land Registry database, most recently in November 2013 and a single entry in the EPC database dated March 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 3 Railway Cottages Wylam as £253,100 and the rental value as £1,069 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 3 Railway Cottages Wylam has increased by £2,064 (0.8%) and its rental value has increased by £77 per month (7.2%).
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, Railway Cottages, Wylam is in very good condition we estimate a sale value of £265,755 and rental value of £1,122 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £235,383 and a rental value of £994 per month.
If you were able to purchase this property for the estimated value of £253,100, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,244 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, 3, Railway Cottages, Wylam sits on a plot of 103m2.
We have plot size data on 3 out of 5 other houses in the postcode and 3, Railway Cottages, Wylam sits on the 3rd largest plot.
According to HM Land Registry, 3, Railway Cottages, Wylam was last sold on 13 Nov 2013 for £165,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Nov 2013, the market for similar properties has risen 38.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Railway Cottages, Wylam within a radius of 1.4 kilometres over the last 2 years.
The most recent example is Holmlea, Hagg Bank, Wylam, NE41 8JU, a Freehold house which sold for £175,000 in Aug 2019.
Read more about house prices in NE41.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Railway Cottages, Wylam, NE41 has a total of 5 addresses. According to our analysis of all the public data, 3, Railway Cottages, Wylam is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £7k more expensive than the average property in NE41.
3, Railway Cottages, Wylam has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 11 Mar 2020.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, bottled LPG.
The closest station to 3, Railway Cottages, Wylam is Wylam station which is 1.0 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, Railway Cottages, Wylam, 40.7% of property is privately owned outright and 32.1% 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 3, Railway Cottages, Wylam, 15.1% of residents are recorded as possessing school level qualifications and 53.8% 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, Railway Cottages, 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 3, Railway Cottages, 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 3, Railway Cottages, Wylam, 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.