According to the public record, 9 Mercia Court, Darlington is a modern leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Mercia Court, Greenbank Road, Darlington, DL3.
Greenbank Road, Darlington, DL3 is located within the DL3 postal district.
9 Mercia Court, Darlington has a single entry in the Land Registry database from July 2020 and a single entry in the EPC database dated September 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 9 Mercia Court Darlington as £64,814 and the rental value as £489 per month giving an expected gross yield of 9.1%.
Over the last 12 months the sale value of 9 Mercia Court Darlington has increased by £2,592 (4.0%) and its rental value has increased by £32 per month (6.6%).
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 9 Mercia Court, Darlington is in very good condition we estimate a sale value of £68,055 and rental value of £513 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £60,277 and a rental value of £455 per month.
If you were able to purchase this property for the estimated value of £64,814, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £319 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, 9 Mercia Court, Darlington was last sold on 15 Jul 2020 for £58,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2020, the market for similar properties has risen 13.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9 Mercia Court, Darlington within a radius of 440 metres over the last 2 years.
The most recent example is 8 Mercia Court, Greenbank Road, Darlington, DL3 6JB, a Leasehold flat which sold for £60,000 in May 2023.
Read more about house prices in DL3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Greenbank Road, Darlington, DL3 has a total of 253 addresses. According to our analysis of all the public data, 9 Mercia Court, Darlington is the 200th largest and the 192nd most expensive property on the street.
When compared to the postcode district it is £101k less expensive than the average property in DL3.
9 Mercia Court, Darlington has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Sep 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 9 Mercia Court, Darlington is North Road (Darlington) 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 9 Mercia Court, Darlington, 52.7% of property is privately rented and 20.7% is privately owned outright.
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 9 Mercia Court, Darlington, 22.5% of residents are recorded as possessing school level qualifications and 37.2% 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 9 Mercia Court, Darlington, the average age was 41.3 and the most common age was 57.
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 9 Mercia Court, Darlington, 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 9 Mercia Court, Darlington, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.