According to the public record, 5, Laburnum Terrace, Wylam is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 903 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Laburnum Terrace, Wylam, NE41 is located within the NE41 postal district.
5, Laburnum Terrace, Wylam has 2 entries in the Land Registry database, most recently in October 2013 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 5 Laburnum Terrace Wylam as £318,563 and the rental value as £986 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of 5 Laburnum Terrace Wylam has increased by £2,598 (0.8%) and its rental value has increased by £71 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 5, Laburnum Terrace, Wylam is in very good condition we estimate a sale value of £334,492 and rental value of £1,036 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £296,264 and a rental value of £917 per month.
If you were able to purchase this property for the estimated value of £318,563, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,566 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, 5, Laburnum Terrace, Wylam was last sold on 25 Oct 2013 for £191,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 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 5, Laburnum Terrace, Wylam within a radius of 1.9 kilometres over the last 2 years.
The most recent example is 22, Algernon Terrace, Wylam, NE41 8AX, a Freehold house which sold for £258,000 in Jun 2018.
Read more about house prices in NE41.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Laburnum Terrace, Wylam, NE41 has a total of 7 addresses. According to our analysis of all the public data, 5, Laburnum Terrace, Wylam is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £72k more expensive than the average property in NE41.
The closest station to 5, Laburnum Terrace, Wylam is Wylam station which is 600 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 5, Laburnum Terrace, 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 5, Laburnum Terrace, 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 5, Laburnum Terrace, 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 5, Laburnum Terrace, 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 5, Laburnum Terrace, 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.