According to the public record, West Mews, Wylam is a period leasehold house with 2,583 ft2 of internal area and sits on a 1,990 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Ovingham Road, Wylam, NE41 is located within the NE41 postal district.
West Mews, Wylam has 21 entries in the Land Registry database, most recently in July 2020 and a single entry in the EPC database dated November 2019.
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 West Mews Wylam as £420,116 and the rental value as £1,040 per month giving an expected gross yield of 3%.
Over the last 12 months the sale value of West Mews Wylam has increased by £1,188 (0.3%) and its rental value has increased by £69 per month (6.7%).
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 West Mews, Wylam is in very good condition we estimate a sale value of £441,122 and rental value of £1,092 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £390,708 and a rental value of £968 per month.
If you were able to purchase this property for the estimated value of £420,116, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,065 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, West Mews, Wylam sits on a plot of 1990m2.
We have plot size data on 5 out of 12 other houses in the postcode and West Mews, Wylam sits on the largest plot.
According to HM Land Registry, West Mews, Wylam was last sold on 15 Jul 2020 for £480,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Jul 2020, the market for similar properties has risen 14.8%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to West Mews, Wylam within a radius of 1.8 kilometres over the last 2 years.
The most recent example is 23, Castlefields Drive, Prudhoe, NE42 5FP, a Freehold house which sold for £280,000 in Sep 2011.
Read more about house prices in NE41.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ovingham Road, Wylam, NE41 has a total of 12 addresses. According to our analysis of all the public data, West Mews, Wylam is the largest and the 10th most expensive property on the street.
When compared to the postcode district it is £174k more expensive than the average property in NE41.
West Mews, Wylam has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 20 Nov 2019.
The property is connected to mains gas and has partial secondary glazing. It is heated using a boiler and radiators.
The closest station to West Mews, Wylam is Wylam station which is 700 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 West Mews, Wylam, 61.4% of property is privately owned outright and 23.5% 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 West Mews, Wylam, 19.8% of residents are recorded as possessing school level qualifications and 70.3% 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 West Mews, Wylam, 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 West Mews, Wylam, 2.5% 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 West Mews, Wylam, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.