According to the public record, Turbine House is a mid-century freehold house with 992 ft2 of internal area and sits on a 2,260 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Wylam, NE41 is located within the NE41 postal district.
Turbine House has 2 entries in the Land Registry database, most recently in October 2012 and a single entry in the EPC database dated March 2010.
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 Turbine House as £596,928 and the rental value as £1,768 per month giving an expected gross yield of 3.6%.
Over the last 12 months the sale value of Turbine House has increased by £4,869 (0.8%) and its rental value has increased by £128 per month (7.2%).
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 Turbine House is in very good condition we estimate a sale value of £626,774 and rental value of £1,856 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £555,143 and a rental value of £1,644 per month.
If you were able to purchase this property for the estimated value of £596,928, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,934 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, Turbine House sits on a plot of 2260m2.
We have plot size data on 4 out of 4 other houses in the postcode and Turbine House sits on the 3rd largest plot.
According to HM Land Registry, Turbine House was last sold on 26 Oct 2012 for £445,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2012, the market for similar properties has risen 40.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Turbine House within a radius of 2.7 kilometres over the last 2 years.
The most recent example is 19, Holeyn Hall Road, Wylam, NE41 8BB, a Freehold house which sold for £419,500 in Aug 2015.
Read more about house prices in NE41.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wylam, NE41 has a total of 146 addresses. According to our analysis of all the public data, Turbine House is the 93rd largest and the 28th most expensive property on the street.
When compared to the postcode district it is £351k more expensive than the average property in NE41.
Turbine House has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 18 Mar 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to Turbine House is Wylam station which is 1.6 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 Turbine House, 61.9% of property is privately owned outright and 28.6% 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 Turbine House, 17.8% of residents are recorded as possessing school level qualifications and 58.3% 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 Turbine House, the average age was 47 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 Turbine House, 2.7% 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 Turbine House, 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.