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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, 3-4, Cherry Tree Lane, Wylam is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 508 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 3-4, Cherry Tree Lane, Wylam is £315,459 and the estimated rental value is £1,461 per month.
Cherry Tree Lane, Wylam, NE41 is located within the NE41 postal district.
3-4, Cherry Tree Lane, Wylam has 41 entries in the Land Registry , most recently in December 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 3-4, Cherry Tree Lane, Wylam is in very good condition we estimate a sale value of £331,232 and a rental value of £1,534 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £293,377 and a rental value of £1,359 per month.
Over the last 12 months the sale value of 3-4 Cherry Tree Lane Wylam has increased by an estimated £8,936 (2.8%) and its rental value has increased by an estimated £80 per month (5.5%), giving an expected gross yield of 5.6%.
According to HM Land Registry, 3-4, Cherry Tree Lane, Wylam was last sold on 18th December 2007 for £130,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since December 2007, the market for similar properties has risen 17.4%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 1.9 kilometres radius of 3-4, Cherry Tree Lane, Wylam over the last 2 years.
The most recent example is The Storeroom, Chapel Lane, Wylam, NE41 8DF, a freehold house which sold for £210,000 on the 30th October 2024.
Read more about house prices in NE41.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cherry Tree Lane, Wylam, NE41 has a total of 7 addresses. According to our analysis of all the public data, 3-4, Cherry Tree Lane, Wylam is the 7th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £95k more expensive than the average property in NE41.
The closest station to 3-4, Cherry Tree Lane, Wylam is Wylam station which is 600 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 3-4, Cherry Tree Lane, Wylam, 62.2% of property is privately owned outright and 25.2% 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 3-4, Cherry Tree Lane, Wylam, 16.4% of residents are recorded as possessing school level qualifications and 51.7% 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 3-4, Cherry Tree Lane, 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 3-4, Cherry Tree Lane, Wylam, 0.4% 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 3-4, Cherry Tree Lane, Wylam, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.
