32, Wedder Law
32, Wedder Law
Description & Estimates
32, Wedder Law, Cramlington is recorded publicly as a mid-century leasehold apartment across 527 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 32, Wedder Law, Cramlington is £78,723 and its rental estimate is £570 per month, given the available information and assuming reasonable condition.
Wedder Law, Cramlington, NE23 falls within the NE23 postal district.
Our Data Sources
32, Wedder Law, Cramlington has a single entry in the Land Registry from August 2007 and a single entry in the EPC database dated March 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 32, Wedder Law, Cramlington, we estimate a market value of £82,660 and a rental value of £598 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £73,213 and £530 per month respectively.
Recent Market Change
Over the last year, 32, Wedder Law, Cramlington has seen its estimated sale value decrease by £116 (0.1%) and its estimated rental value grow by £10 per month (1.8%). This results in an estimated gross rental yield of 8.7%.
Energy Efficiency
32, Wedder Law, Cramlington has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Mar 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of 32, Wedder Law, Cramlington completed on 31st August 2007 at £79,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 7.8% over the period since August 2007.
- Sold Aug 2007£79,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 32, Wedder Law, Cramlington have sold within a radius of 700 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th December 2024, was 40, Windermere Close, Cramlington, NE23 6PQ, a leasehold flat which sold for £93,000.
Read more about house prices in NE23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 56 addresses on Wedder Law, Cramlington, NE23, 32, Wedder Law, Cramlington comes out as the 54th largest and the 43rd most expensive in our analysis of the public data.
It is also £111k less expensive than the average property across the NE23 district.
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Schools Nearby
- 100mCragside CofE Controlled Primary School
- 700mSs Peter and Paul's Catholic Primary Academy
- 1.2kmHareside Primary School
- 1.0kmCramlington Learning Village
- 2.9kmNorth Gosforth Academy
- 3.6kmSeaton Valley High School
More reading links
Public Transport Nearby
From 32, Wedder Law, Cramlington, the nearest station is Cramlington, 2.2 kilometres away.
- 2.2kmCramlington
- 2.8kmSeaton Delaval
- 5.0kmNewsham
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
