According to the public record, 31, Palace Street, Berwick-Upon-Tweed is a period freehold house with 1,399 ft2 of internal area and sits on a 65.4 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Palace Street, Berwick-Upon-Tweed, TD15 is located within the TD15 postal district.
31, Palace Street, Berwick-Upon-Tweed has 41 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated November 2018.
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 31 Palace Street Berwick-Upon-Tweed as £244,937 and the rental value as £1,079 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 31 Palace Street Berwick-Upon-Tweed has decreased by £3,153 (1.3%) and its rental value has increased by £55 per month (5.1%).
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 31, Palace Street, Berwick-Upon-Tweed is in very good condition we estimate a sale value of £257,184 and rental value of £1,133 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £227,792 and a rental value of £1,004 per month.
If you were able to purchase this property for the estimated value of £244,937, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,204 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, 31, Palace Street, Berwick-Upon-Tweed sits on a plot of 65m2.
We have plot size data on 8 out of 14 other houses in the postcode and 31, Palace Street, Berwick-Upon-Tweed sits on the 7th largest plot.
According to HM Land Registry, 31, Palace Street, Berwick-Upon-Tweed was last sold on 06 Jul 2022 for £254,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Jul 2022, the market for similar properties has risen 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Palace Street, Berwick-Upon-Tweed within a radius of 790 metres over the last 2 years.
The most recent example is 25, Mount Road, Berwick-Upon-Tweed, TD15 2BA, a Freehold house which sold for £250,000 in Aug 2023.
Read more about house prices in TD15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palace Street, Berwick-Upon-Tweed, TD15 has a total of 17 addresses. According to our analysis of all the public data, 31, Palace Street, Berwick-Upon-Tweed is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £27k more expensive than the average property in TD15.
31, Palace Street, Berwick-Upon-Tweed has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 21 Nov 2018.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 31, Palace Street, Berwick-Upon-Tweed is Berwick-upon-Tweed 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 31, Palace Street, Berwick-Upon-Tweed, 34.4% of property is privately owned outright and 31.9% 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 31, Palace Street, Berwick-Upon-Tweed, 7.9% of residents are recorded as possessing school level qualifications and 39.2% 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 31, Palace Street, Berwick-Upon-Tweed, the average age was 44.6 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 31, Palace Street, Berwick-Upon-Tweed, 0.8% 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 31, Palace Street, Berwick-Upon-Tweed, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.