According to the public record, 9, Milkwell, Corbridge is a mid-century freehold house and with 1,087 ft2 of internal area and sits on a 155 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Milkwell, Corbridge, NE45 is located within the NE45 postal district.
9, Milkwell, Corbridge has a single entry in the Land Registry database from July 2021 and no records in the EPC database.
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 Milkwell Corbridge as £214,822 and the rental value as £1,035 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 9 Milkwell Corbridge has increased by £5,494 (2.6%) and its rental value has increased by £132 per month (12.8%).
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, Milkwell, Corbridge is in very good condition we estimate a sale value of £225,563 and rental value of £1,086 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £199,784 and a rental value of £962 per month.
If you were able to purchase this property for the estimated value of £214,822, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,056 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 data from HM Land Registry, 9, Milkwell, Corbridge sits on a plot of 155m2.
We have plot size data on 11 out of 23 other houses in the postcode and 9, Milkwell, Corbridge sits on the 10th largest plot.
According to HM Land Registry, 9, Milkwell, Corbridge was last sold on 23 Jul 2021 for £190,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2021, the market for similar properties has risen 10.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9, Milkwell, Corbridge within a radius of 116m over the last 2 years.
The most recent example is 23, Milkwell, Corbridge, NE45 5JG, a Freehold house which sold for £195,000 in Jun 2022.
Read more about house prices in NE45.
Milkwell, Corbridge, NE45 has a total of 26 addresses. According to our analysis of all the public data, 9, Milkwell, Corbridge is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £105k less expensive than the average property in NE45.
9, Milkwell, Corbridge has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Apr 2021.
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 9, Milkwell, Corbridge is Corbridge station which is 1.3 km 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, Milkwell, Corbridge, 48.0% of property is privately owned outright and 28.3% 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 9, Milkwell, Corbridge, 18.9% of residents are recorded as possessing school level qualifications and 44.3% 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, Milkwell, Corbridge, the average age was 43 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, Milkwell, Corbridge, 2.8% 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, Milkwell, Corbridge, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.