According to the public record, 4, George Stephenson Drive, Darlington is a modern leasehold apartment and with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
George Stephenson Drive, Darlington, DL2 is located within the DL2 postal district.
4, George Stephenson Drive, Darlington has 21 entries in the Land Registry database, most recently in December 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 4 George Stephenson Drive Darlington as £100,492 and the rental value as £650 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 4 George Stephenson Drive Darlington has increased by £4,036 (4.0%) and its rental value has increased by £53 per month (8.2%).
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 4, George Stephenson Drive, Darlington is in very good condition we estimate a sale value of £105,517 and rental value of £682 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £93,458 and a rental value of £604 per month.
If you were able to purchase this property for the estimated value of £100,492, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £494 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, 4, George Stephenson Drive, Darlington was last sold on 08 Dec 2022 for £98,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2022, the market for similar properties has risen 3.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, George Stephenson Drive, Darlington within a radius of 428m over the last 2 years.
The most recent example is 71, Alverton Drive, Darlington, DL3 0GA, a Leasehold flat which sold for £88,000 in Jun 2023.
Read more about house prices in DL2.
George Stephenson Drive, Darlington, DL2 has a total of 47 addresses. According to our analysis of all the public data, 4, George Stephenson Drive, Darlington is the 47th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £170k less expensive than the average property in DL2.
4, George Stephenson Drive, Darlington has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Jun 2020.
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 4, George Stephenson Drive, Darlington is North Road (Darlington) station which is 2.0 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 4, George Stephenson Drive, Darlington, 57.1% of property is privately rented and 27.9% 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 4, George Stephenson Drive, Darlington, 18.6% of residents are recorded as possessing school level qualifications and 35.9% 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 4, George Stephenson Drive, Darlington, the average age was 42.5 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 4, George Stephenson Drive, Darlington, 0.6% 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 4, George Stephenson Drive, Darlington, 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.