According to the public record, 33 Castle Hill House is a modern leasehold apartment with 1,065 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Castle Hill House, Wylam, NE41.
Wylam, NE41 is located in the borough of Gateshead within the NE41 postal district.
33 Castle Hill House has 31 entries in the Land Registry database, most recently in February 2013 and a single entry in the EPC database dated May 2012.
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 33 Castle Hill House as £256,949 and the rental value as £1,309 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 33 Castle Hill House has increased by £5,064 (2.0%) and its rental value has increased by £124 per month (9.4%).
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 33 Castle Hill House is in very good condition we estimate a sale value of £269,797 and rental value of £1,375 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £238,963 and a rental value of £1,218 per month.
If you were able to purchase this property for the estimated value of £256,949, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,263 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, 33 Castle Hill House was last sold on 15 Feb 2013 for £187,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Feb 2013, the market for similar properties has risen 26.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 33 Castle Hill House within a radius of 1.5 kilometres over the last 2 years.
The most recent example is 19 Castle Hill House, Wylam, NE41 8JG, a Leasehold flat which sold for £190,000 in Dec 2020.
Read more about house prices in NE41.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wylam, NE41 has a total of 146 addresses. According to our analysis of all the public data, 33 Castle Hill House is the 89th largest and the 101st most expensive property on the street.
When compared to the postcode district it is £11k more expensive than the average property in NE41.
33 Castle Hill House has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 May 2012.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 33 Castle Hill House 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 33 Castle Hill House, 45.1% of property is privately owned with a mortgage and 40.5% is privately owned outright.
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 33 Castle Hill House, 14.5% of residents are recorded as possessing school level qualifications and 45.7% 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 33 Castle Hill House, the average age was 44.8 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 33 Castle Hill House, 1.1% 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 33 Castle Hill House, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.