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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, 4 Mill is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 596 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 4 Mill is £159,843 and the estimated rental value is £749 per month.
The apartment is within Wylam Mill, Wylam, NE41.
Wylam, NE41 is located within the NE41 postal district.
4 Mill has a single entry in the Land Registry from June 2012 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 4 Mill is in very good condition we estimate a sale value of £167,836 and a rental value of £787 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £148,654 and a rental value of £697 per month.
Over the last 12 months the sale value of 4 Mill has decreased by an estimated £374 (0.2%) and its rental value has increased by an estimated £18 per month (2.4%), giving an expected gross yield of 5.6%.
According to HM Land Registry, 4 Mill was last sold on 22nd June 2012 for £92,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since June 2012, the market for similar properties has dropped 27.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4 Mill within a radius of 1.9 kilometres over the last 2 years.
The most recent example is 11, Stephenson Court, Wylam, NE41 8LA, a leasehold flat which sold for £170,000 on the 4th October 2024.
Read more about house prices in NE41.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wylam, NE41 has a total of 146 addresses. According to our analysis of all the public data, 4 Mill is the 144th largest and the 129th most expensive property on the street.
When compared to the postcode district it is £61k less expensive than the average property in NE41.
The closest station to 4 Mill is Wylam station which is 200 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 4 Mill, 50.0% of property is privately owned outright and 29.8% 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 4 Mill, 19.0% of residents are recorded as possessing school level qualifications and 54.6% 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 4 Mill, 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 4 Mill, 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 4 Mill, 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.
