According to the public record, Flat, 5, Corbridge is a period apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Market Place, Corbridge, NE45 is located within the NE45 postal district.
Flat, 5, Corbridge has no records in the Land Registry database and a single entry in the EPC database dated June 2021.
We combine this information with public data 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 5 Corbridge as £397,091 and the rental value as £1,594 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of Flat 5 Corbridge has increased by £10,010 (2.5%) and its rental value has increased by £202 per month (12.7%).
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, Corbridge is in very good condition we estimate a sale value of £416,946 and rental value of £1,674 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £369,295 and a rental value of £1,483 per month.
If you were able to purchase this property for the estimated value of £397,091, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,952 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 the Land Registry and our network of Estate Agents, there have been 3 property sales within a 2.4 kilometres radius of Flat, 5, Corbridge over the last 2 years.
The most recent example is 9, Market Place, Corbridge, NE45 5AW, a Freehold house which sold for £360,000 in Nov 2017.
Read more about house prices in NE45.
Market Place, Corbridge, NE45 has a total of 25 addresses. According to our analysis of all the public data, Flat, 5, Corbridge is the 25th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £77k more expensive than the average property in NE45.
Flat, 5, Corbridge has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Jun 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 Flat, 5, Corbridge is Corbridge 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, 5, Corbridge, 44.1% of property is privately owned outright and 37.2% 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, Corbridge, 7.3% of residents are recorded as possessing school level qualifications and 50.9% 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, 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 Flat, 5, Corbridge, 0.8% 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 Flat, 5, Corbridge, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.