According to the public record, 42, Roman Way, Corbridge is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,079 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Roman Way, Corbridge, NE45 is located within the NE45 postal district.
42, Roman Way, Corbridge has a single entry in the Land Registry database from May 2007 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 42 Roman Way Corbridge as £240,077 and the rental value as £1,159 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 42 Roman Way Corbridge has increased by £4,033 (1.7%) and its rental value has increased by £136 per month (11.7%).
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 42, Roman Way, Corbridge is in very good condition we estimate a sale value of £252,081 and rental value of £1,217 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £223,272 and a rental value of £1,078 per month.
If you were able to purchase this property for the estimated value of £240,077, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,180 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, 42, Roman Way, Corbridge was last sold on 01 May 2007 for £155,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2007, the market for similar properties has risen 27.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Roman Way, Corbridge within a radius of 2.3 kilometres over the last 2 years.
The most recent example is 32, Roman Way, Corbridge, NE45 5JN, a Freehold house which sold for £230,000 in Feb 2024.
Read more about house prices in NE45.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Roman Way, Corbridge, NE45 has a total of 63 addresses. According to our analysis of all the public data, 42, Roman Way, Corbridge is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £80k less expensive than the average property in NE45.
The closest station to 42, Roman Way, Corbridge is Corbridge station which is 1.3 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 42, Roman Way, Corbridge, 31.7% of property is privately owned outright and 30.9% 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 42, Roman Way, Corbridge, 8.9% of residents are recorded as possessing school level qualifications and 33.5% 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 42, Roman Way, Corbridge, the average age was 43 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 42, Roman Way, Corbridge, 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 42, Roman Way, Corbridge, 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.