According to the public record, Flat 4, 260, Carmel Road North, Darlington is a period leasehold apartment and with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 260, Carmel Road North, Darlington, DL3.
Carmel Road North, Darlington, DL3 is located within the DL3 postal district.
Flat 4, 260, Carmel Road North, Darlington has 31 entries in the Land Registry database, most recently in September 2022 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 Flat 4 260 Carmel Road North Darlington as £132,157 and the rental value as £692 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 4 260 Carmel Road North Darlington has increased by £5,643 (4.3%) and its rental value has increased by £44 per month (6.4%).
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 Flat 4, 260, Carmel Road North, Darlington is in very good condition we estimate a sale value of £138,765 and rental value of £726 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £122,906 and a rental value of £643 per month.
If you were able to purchase this property for the estimated value of £132,157, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £650 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, Flat 4, 260, Carmel Road North, Darlington was last sold on 01 Sep 2022 for £135,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2022, the market for similar properties has risen 2.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 260, Carmel Road North, Darlington within a radius of 295m over the last 2 years.
The most recent example is Flat 6, 15, Pierremont Crescent, Darlington, DL3 9PB, a Leasehold flat which sold for £108,000 in Jan 2022.
Read more about house prices in DL3.
Carmel Road North, Darlington, DL3 has a total of 131 addresses. According to our analysis of all the public data, Flat 4, 260, Carmel Road North, Darlington is the 113th largest and the 129th most expensive property on the street.
When compared to the postcode district it is £34k less expensive than the average property in DL3.
Flat 4, 260, Carmel Road North, Darlington has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 May 2022.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 4, 260, Carmel Road North, Darlington is North Road (Darlington) station which is 1.7 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 Flat 4, 260, Carmel Road North, Darlington, 41.6% of property is socially rented and 23.0% 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 Flat 4, 260, Carmel Road North, Darlington, 13.7% of residents are recorded as possessing school level qualifications and 35.1% 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 Flat 4, 260, Carmel Road North, Darlington, the average age was 46.1 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 Flat 4, 260, Carmel Road North, 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 Flat 4, 260, Carmel Road North, 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.