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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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3, Institute Road, Ashington is recorded publicly as a modern freehold house across 2,303 ft2 of internal area, sitting on a 275 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 3, Institute Road, Ashington is £279,651 and its rental estimate is £1,376 per month, given the available information and assuming reasonable condition.
Institute Road, Ashington, NE63 falls within the NE63 postal district.
3, Institute Road, Ashington has a single entry in the Land Registry from October 2014 and a single entry in the EPC database dated April 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 3, Institute Road, Ashington, we estimate a market value of £293,633 and a rental value of £1,445 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £260,075 and £1,280 per month respectively.
Over the last year, 3, Institute Road, Ashington has seen its estimated sale value decrease by £1,417 (0.5%) and its estimated rental value grow by £22 per month (1.6%). This results in an estimated gross rental yield of 5.9%.
HM Land Registry records the plot of land for 3, Institute Road, Ashington as measuring 275 m2.
That makes it the 3rd largest plot in the postcode, where all 10 other houses have recorded plot data.
3, Institute Road, Ashington has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Apr 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 3, Institute Road, Ashington completed on 24th October 2014 at £195,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 3.6% over the period since October 2014.
Over the past 2 years 3 properties similar to 3, Institute Road, Ashington have sold within a radius of 710 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th August 2022, was 20, Darnley Road, Ashington, NE63 8BB, a freehold house which sold for £270,000.
Read more about house prices in NE63.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 10 addresses on Institute Road, Ashington, NE63, 3, Institute Road, Ashington comes out as the largest and the most expensive in our analysis of the public data.
It is also £150k more expensive than the average property across the NE63 district.
From 3, Institute Road, Ashington, the nearest station is Ashington, 600 metres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Institute Road, Ashington, % of property is and % is .
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, Institute Road, Ashington, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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, Institute Road, Ashington, 0.0% 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, Institute Road, Ashington, there are an average of 0.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.
