According to the public record, 61, Midland Road, Wellingborough is a period leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 61, Midland Road, Wellingborough, NN8.
Midland Road, Wellingborough, NN8 is located within the NN8 postal district.
61, Midland Road, Wellingborough has a single entry in the Land Registry database from January 2008 and a single entry in the EPC database dated March 2019.
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 61 Midland Road Wellingborough as £59,054 and the rental value as £351 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 61 Midland Road Wellingborough has increased by £212 (0.4%) and its rental value has increased by £26 per month (7.4%).
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 61, Midland Road, Wellingborough is in very good condition we estimate a sale value of £62,007 and rental value of £368 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £54,920 and a rental value of £326 per month.
If you were able to purchase this property for the estimated value of £59,054, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £290 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, 61, Midland Road, Wellingborough was last sold on 16 Jan 2008 for £50,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2008, the market for similar properties has risen 45.5%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 460 metres radius of 61, Midland Road, Wellingborough over the last 2 years.
The most recent example is 2A, Knox Road, Wellingborough, NN8 1HW, a Leasehold flat which sold for £83,000 in Jul 2018.
Read more about house prices in NN8.
Midland Road, Wellingborough, NN8 has a total of 253 addresses. According to our analysis of all the public data, 61, Midland Road, Wellingborough is the 171st largest and the 249th most expensive property on the street.
When compared to the postcode district it is £181k less expensive than the average property in NN8.
61, Midland Road, Wellingborough has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Mar 2019.
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 61, Midland Road, Wellingborough is Wellingborough station which is 900 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 61, Midland Road, Wellingborough, 39.0% of property is socially rented and 24.9% 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 61, Midland Road, Wellingborough, 16.9% of residents are recorded as possessing school level qualifications and 19.8% 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 61, Midland Road, Wellingborough, the average age was 40.8 and the most common age was 32.
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 61, Midland Road, Wellingborough, 0.2% 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 61, Midland Road, Wellingborough, there are an average of 0.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.