According to the public record, Flat 6, 50-52, Midland Road, Wellingborough is a period leasehold apartment with 312 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 50-52, Midland Road, Wellingborough, NN8.
Midland Road, Wellingborough, NN8 is located within the NN8 postal district.
Flat 6, 50-52, Midland Road, Wellingborough has a single entry in the Land Registry database from March 2016 and a single entry in the EPC database dated December 2015.
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 6 50-52 Midland Road Wellingborough as £117,862 and the rental value as £587 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Flat 6 50-52 Midland Road Wellingborough has increased by £333 (0.3%) and its rental value has increased by £43 per month (7.3%).
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 Flat 6, 50-52, Midland Road, Wellingborough is in very good condition we estimate a sale value of £123,755 and rental value of £616 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £109,611 and a rental value of £546 per month.
If you were able to purchase this property for the estimated value of £117,862, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £579 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 6, 50-52, Midland Road, Wellingborough was last sold on 24 Mar 2016 for £89,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2016, the market for similar properties has risen 33.3%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 470 metres radius of Flat 6, 50-52, Midland Road, Wellingborough over the last 2 years.
The most recent example is 107, Midland Road, Wellingborough, NN8 1LU, a Freehold house which sold for £230,000 in Nov 2023.
Read more about house prices in NN8.
Midland Road, Wellingborough, NN8 has a total of 253 addresses. According to our analysis of all the public data, Flat 6, 50-52, Midland Road, Wellingborough is the 239th largest and the 179th most expensive property on the street.
When compared to the postcode district it is £122k less expensive than the average property in NN8.
Flat 6, 50-52, Midland Road, Wellingborough has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Dec 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 6, 50-52, Midland Road, Wellingborough is Wellingborough station which is 800 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 Flat 6, 50-52, 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 6, 50-52, 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 6, 50-52, 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 6, 50-52, 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 6, 50-52, 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.