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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Lanark Terrace, Ferryhill is a period freehold house with 731 ft2 of internal area and sits on a 58.8 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Lanark Terrace, Ferryhill is £66,268 and the estimated rental value is £576 per month.
Lanark Terrace, Ferryhill, DL17 is located within the DL17 postal district.
2, Lanark Terrace, Ferryhill has 61 entries in the Land Registry , most recently in August 2024 and a single entry in the EPC database dated November 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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 2, Lanark Terrace, Ferryhill is in very good condition we estimate a sale value of £69,582 and a rental value of £605 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £61,630 and a rental value of £536 per month.
Over the last 12 months the sale value of 2 Lanark Terrace Ferryhill has decreased by an estimated £787 (1.2%) and its rental value has increased by an estimated £22 per month (3.8%), giving an expected gross yield of 10.4%.
According to data from HM Land Registry, 2, Lanark Terrace, Ferryhill sits on a plot of 59m2.
We have plot size data on 25 out of 26 other houses in the postcode and 2, Lanark Terrace, Ferryhill sits on the 14th largest plot.
2, Lanark Terrace, Ferryhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Nov 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Lanark Terrace, Ferryhill was last sold on 9th August 2024 for £62,500 and was recorded as a freehold house.
The property has had 6 sales since 1995.
Since August 2024, the market for similar properties has dropped 19.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Lanark Terrace, Ferryhill within a radius of 660 metres over the last 2 years.
The most recent example is 5, Lanark Terrace, Ferryhill, DL17 8JA, a freehold house which sold for £53,500 on the 6th November 2024.
Read more about house prices in DL17.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lanark Terrace, Ferryhill, DL17 has a total of 26 addresses. According to our analysis of all the public data, 2, Lanark Terrace, Ferryhill is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £45k less expensive than the average property in DL17.
The closest station to 2, Lanark Terrace, Ferryhill is Newton Aycliffe station which is 8.9 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 2, Lanark Terrace, Ferryhill, 63.4% of property is privately owned outright and 20.2% is privately owned with a mortgage.
The graph below shows how this compares to North East 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 2, Lanark Terrace, Ferryhill, 9.5% of residents are recorded as possessing school level qualifications and 23.0% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Lanark Terrace, Ferryhill, the average age was 45.1 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 2, Lanark Terrace, Ferryhill, 1.7% 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 2, Lanark Terrace, Ferryhill, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.
