According to the public record, 71, College Road, Ashington is a mid-century leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
College Road, Ashington, NE63 is located within the NE63 postal district.
71, College Road, Ashington has a single entry in the Land Registry database from May 2020 and a single entry in the EPC database dated July 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 71 College Road Ashington as £67,421 and the rental value as £421 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 71 College Road Ashington has increased by £362 (0.5%) and its rental value has increased by £35 per month (8.3%).
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 71, College Road, Ashington is in very good condition we estimate a sale value of £70,792 and rental value of £442 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £62,701 and a rental value of £392 per month.
If you were able to purchase this property for the estimated value of £67,421, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £331 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, 71, College Road, Ashington was last sold on 29 May 2020 for £25,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2020, the market for similar properties has risen 17.1%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 71, College Road, Ashington within a radius of 520 metres over the last 2 years.
The most recent example is 319, Alexandra Road, Ashington, NE63 9PX, a Leasehold flat which sold for £63,000 in May 2008.
Read more about house prices in NE63.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
College Road, Ashington, NE63 has a total of 144 addresses. According to our analysis of all the public data, 71, College Road, Ashington is the 27th largest and the 25th most expensive property on the street.
When compared to the postcode district it is £57k less expensive than the average property in NE63.
71, College Road, Ashington has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 02 Jul 2019.
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 71, College Road, Ashington is Ashington station which is 1.7 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 71, College Road, Ashington, 56.3% of property is socially rented and 27.2% 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 71, College Road, Ashington, 10.4% of residents are recorded as possessing school level qualifications and 16.6% 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 71, College Road, Ashington, the average age was 39.9 and the most common age was 32.
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 71, College Road, Ashington, 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 71, College Road, Ashington, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.