According to the public record, Flat 5, 1A, Midland Road, Wellingborough is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 588 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 1A, Midland Road, Wellingborough, NN8.
Midland Road, Wellingborough, NN8 is located within the NN8 postal district.
Flat 5, 1A, Midland Road, Wellingborough has 2 entries in the Land Registry database, most recently in October 2017 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 5 1A Midland Road Wellingborough as £92,039 and the rental value as £546 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 5 1A Midland Road Wellingborough has increased by £31 (0.0%) and its rental value has increased by £38 per month (7.0%).
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 5, 1A, Midland Road, Wellingborough is in very good condition we estimate a sale value of £96,641 and rental value of £573 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £85,596 and a rental value of £507 per month.
If you were able to purchase this property for the estimated value of £92,039, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £452 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 5, 1A, Midland Road, Wellingborough was last sold on 02 Oct 2017 for £112,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2017, the market for similar properties has risen 13.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, 1A, Midland Road, Wellingborough within a radius of 470 metres over the last 2 years.
The most recent example is Flat 19, 1A, Midland Road, Wellingborough, NN8 1HA, a Leasehold flat which sold for £130,000 in Feb 2023.
Read more about house prices in NN8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Midland Road, Wellingborough, NN8 has a total of 253 addresses. According to our analysis of all the public data, Flat 5, 1A, Midland Road, Wellingborough is the 170th largest and the 203rd most expensive property on the street.
When compared to the postcode district it is £148k less expensive than the average property in NN8.
The closest station to Flat 5, 1A, Midland Road, Wellingborough is Wellingborough station which is 1.0 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 Flat 5, 1A, Midland Road, Wellingborough, 39.0% of property is socially rented and 24.9% 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 Flat 5, 1A, Midland Road, Wellingborough, 16.9% of residents are recorded as possessing school level qualifications and 19.8% 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 5, 1A, Midland Road, Wellingborough, the average age was 40.8 and the most common age was 32.
The graph below shows how this compares to East Midlands 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 5, 1A, Midland Road, Wellingborough, 0.2% of property was a second home.
Comparison figures for East Midlands 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 5, 1A, Midland Road, Wellingborough, there are an average of 0.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.