1 New Cottages, Riding Mill
1 New Cottages, Riding Mill
Description & Estimates
The public record describes 1 New Cottages, Riding Mill as an early-century house with 764 ft2 of internal area.
In this area, houses of this size normally have 2 bedrooms with a garden.
1 New Cottages, Riding Mill has an estimated sale value of £121,446 and an estimated rental value of £745 per month, assuming reasonable condition and based on the information available.
Healey, Riding Mill, NE44 lies within the NE44 postal district.
Our Data Sources
1 New Cottages, Riding Mill has no records in the the Land Registry and a single entry in the EPC database dated December 2022.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 1 New Cottages, Riding Mill would be worth £127,519, with a potential rental value of £782 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £112,945, with a rental value of £693 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 1 New Cottages, Riding Mill has moved up by £2,984 (2.5%) over the last year. During the same period, its estimated monthly rental value has increased by £31 (4.1%). The property's estimated gross yield is currently 7.4%.
Energy Efficiency
1 New Cottages, Riding Mill has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Dec 2022.
The property is not connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, oil.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 1 sale of a comparable property within 6.8 kilometres of 1 New Cottages, Riding Mill across the last 2 years.
Most recently, Hollies Cottage, Riding Mill, NE44 6AQ, a freehold house, sold at £300,000 on the 29th March 2018.
Read more about house prices in NE44.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 1 New Cottages, Riding Mill as the 25th largest and the 26th most expensive of the 27 addresses on Healey, Riding Mill, NE44.
Against the NE44 postcode district average, it is £120k less expensive than the typical property.
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Schools Nearby
- 2.8kmSlaley First School
- 4.0kmBroomhaugh (VA) Church of England First School
- 6.7kmBroomley First School
- 10.1kmQueen Elizabeth High School
- 10.4kmPrudhoe Community High School
- 12.3kmConsett Academy
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Public Transport Nearby
Riding Mill station is the nearest stop to 1 New Cottages, Riding Mill at 4.3 kilometres away.
- 4.3kmRiding Mill
- 6.2kmCorbridge
- 6.3kmStocksfield
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
