According to the public record, 578, Plessey Road, Blyth is a period leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Plessey Road, Blyth, NE24 is located within the NE24 postal district.
578, Plessey Road, Blyth has 41 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated January 2014.
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 578 Plessey Road Blyth as £67,118 and the rental value as £469 per month giving an expected gross yield of 8.4%.
Over the last 12 months the sale value of 578 Plessey Road Blyth has increased by £1,005 (1.5%) and its rental value has increased by £40 per month (8.5%).
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 578, Plessey Road, Blyth is in very good condition we estimate a sale value of £70,474 and rental value of £492 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £62,420 and a rental value of £436 per month.
If you were able to purchase this property for the estimated value of £67,118, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £330 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, 578, Plessey Road, Blyth was last sold on 17 Mar 2021 for £44,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2021, the market for similar properties has risen 16.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 578, Plessey Road, Blyth within a radius of 610 metres over the last 2 years.
The most recent example is 608, Plessey Road, Blyth, NE24 4BN, a Leasehold flat which sold for £64,000 in Dec 2023.
Read more about house prices in NE24.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Plessey Road, Blyth, NE24 has a total of 547 addresses. According to our analysis of all the public data, 578, Plessey Road, Blyth is the 363rd largest and the 402nd most expensive property on the street.
When compared to the postcode district it is £72k less expensive than the average property in NE24.
578, Plessey Road, Blyth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Jan 2014.
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 578, Plessey Road, Blyth is Newsham station which is 1.1 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 578, Plessey Road, Blyth, 44.2% of property is socially rented and 24.0% is privately 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 578, Plessey Road, Blyth, 6.1% of residents are recorded as possessing school level qualifications and 17.1% 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 578, Plessey Road, Blyth, the average age was 37.8 and the most common age was 27.
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 578, Plessey Road, Blyth, 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 578, Plessey Road, Blyth, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.