According to the public record, 5, The Wells, Wellingborough is a modern leasehold apartment with 344 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The Wells, Finedon, Wellingborough, NN9 is located within the NN9 postal district.
5, The Wells, Wellingborough has 31 entries in the Land Registry database, most recently in March 2022 and a single entry in the EPC database dated February 2022.
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 5 The Wells Wellingborough as £91,734 and the rental value as £515 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 5 The Wells Wellingborough has decreased by £836 (0.9%) and its rental value has increased by £25 per month (4.9%).
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, The Wells, Wellingborough is in very good condition we estimate a sale value of £96,320 and rental value of £540 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £85,312 and a rental value of £479 per month.
If you were able to purchase this property for the estimated value of £91,734, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £451 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, The Wells, Wellingborough was last sold on 28 Mar 2022 for £99,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2022, the market for similar properties has dropped 1.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, The Wells, Wellingborough within a radius of 630 metres over the last 2 years.
The most recent example is 13, The Wells, Wellingborough, NN9 5HU, a Leasehold flat which sold for £95,000 in Aug 2023.
Read more about house prices in NN9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Wells, Finedon, Wellingborough, NN9 has a total of 22 addresses. According to our analysis of all the public data, 5, The Wells, Wellingborough is the 19th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £171k less expensive than the average property in NN9.
5, The Wells, Wellingborough has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Feb 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 5, The Wells, Wellingborough is Wellingborough station which is 4.2 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, The Wells, Wellingborough, 31.9% of property is privately owned with a mortgage and 28.9% 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 5, The Wells, Wellingborough, 14.4% of residents are recorded as possessing school level qualifications and 23.9% 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, The Wells, Wellingborough, the average age was 44.7 and the most common age was 52.
The graph below shows how this compares to East Midlands 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, The Wells, Wellingborough, 1.1% of property was a second home.
Comparison figures for East Midlands 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, The Wells, Wellingborough, there are an average of 1.2 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.