According to the public record, 7, Stephenson Court, Wylam is a mid-century leasehold apartment with 376 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Stephenson Court, Wylam, NE41 is located within the NE41 postal district.
7, Stephenson Court, Wylam has a single entry in the Land Registry database from April 2021 and a single entry in the EPC database dated December 2018.
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 7 Stephenson Court Wylam as £127,849 and the rental value as £720 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 7 Stephenson Court Wylam has increased by £2,552 (2.0%) and its rental value has increased by £61 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 7, Stephenson Court, Wylam is in very good condition we estimate a sale value of £134,241 and rental value of £756 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £118,899 and a rental value of £670 per month.
If you were able to purchase this property for the estimated value of £127,849, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £628 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, 7, Stephenson Court, Wylam was last sold on 30 Apr 2021 for £137,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2021, the market for similar properties has risen 11.3%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 1.9 kilometres radius of 7, Stephenson Court, Wylam over the last 2 years.
The most recent example is 3, Stephenson Court, Wylam, NE41 8LA, a Leasehold flat which sold for £148,000 in May 2019.
Read more about house prices in NE41.
Stephenson Court, Wylam, NE41 has a total of 18 addresses. According to our analysis of all the public data, 7, Stephenson Court, Wylam is the 18th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £119k less expensive than the average property in NE41.
7, Stephenson Court, Wylam has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 05 Dec 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 7, Stephenson Court, Wylam is Wylam station which is 200 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 7, Stephenson Court, Wylam, 50.0% of property is privately owned outright and 29.8% 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 7, Stephenson Court, Wylam, 19.0% of residents are recorded as possessing school level qualifications and 54.6% 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 7, Stephenson Court, 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 7, Stephenson Court, 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 7, Stephenson Court, Wylam, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.