According to the public record, 5, Meadow Rise, Durham is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 682 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Meadow Rise, Meadowfield, Durham, DH7 is located within the DH7 postal district.
5, Meadow Rise, Durham has a single entry in the Land Registry database from May 2008 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 Meadow Rise Durham as £87,772 and the rental value as £609 per month giving an expected gross yield of 8.3%.
Over the last 12 months the sale value of 5 Meadow Rise Durham has increased by £2,363 (2.7%) and its rental value has increased by £63 per month (10.3%).
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, Meadow Rise, Durham is in very good condition we estimate a sale value of £92,161 and rental value of £639 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £81,628 and a rental value of £566 per month.
If you were able to purchase this property for the estimated value of £87,772, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £431 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, Meadow Rise, Durham was last sold on 12 May 2008 for £104,995 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2008, the market for similar properties has risen 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Meadow Rise, Durham within a radius of 780 metres over the last 2 years.
The most recent example is 23, Meadow Rise, Durham, DH7 8UH, a Leasehold flat which sold for £78,000 in Feb 2014.
Read more about house prices in DH7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Meadow Rise, Meadowfield, Durham, DH7 has a total of 40 addresses. According to our analysis of all the public data, 5, Meadow Rise, Durham is the largest and the most expensive property on the street.
When compared to the postcode district it is £63k less expensive than the average property in DH7.
The closest station to 5, Meadow Rise, Durham is Durham station which is 3.9 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 5, Meadow Rise, Durham, 26.9% of property is privately owned with a mortgage and 26.4% 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 5, Meadow Rise, Durham, 20.8% of residents are recorded as possessing school level qualifications and 34.9% 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 5, Meadow Rise, Durham, the average age was 36 and the most common age was 22.
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, Meadow Rise, Durham, 1.3% 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, Meadow Rise, Durham, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.