7, Oaklands Rise
7, Oaklands Rise
Description & Estimates
7, Oaklands Rise, Riding Mill is recorded publicly as a modern freehold house across 1,668 ft2 of internal area, sitting on a 1,681 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 7, Oaklands Rise, Riding Mill is £697,665 and its rental estimate is £2,293 per month, given the available information and assuming reasonable condition.
Oaklands Rise, Riding Mill, NE44 falls within the NE44 postal district.
Our Data Sources
7, Oaklands Rise, Riding Mill has a single entry in the Land Registry from February 2018 and a single entry in the EPC database dated March 2017.
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 7, Oaklands Rise, Riding Mill, we estimate a market value of £732,548 and a rental value of £2,408 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £648,828 and £2,133 per month respectively.
Recent Market Change
Over the last year, 7, Oaklands Rise, Riding Mill has seen its estimated sale value grow by £3,342 (0.5%) and its estimated rental value climb by £47 per month (2.1%). This results in an estimated gross rental yield of 3.9%.
Plot Size
HM Land Registry records the plot of land for 7, Oaklands Rise, Riding Mill as measuring 1,681 m2.
That makes it the 2nd largest plot in the postcode, where 6 of the 8 other houses have recorded plot data.
Energy Efficiency
7, Oaklands Rise, Riding Mill has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Mar 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 7, Oaklands Rise, Riding Mill completed on 23rd February 2018 at £530,000 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 dropped by 15.3% over the period since February 2018.
- Sold Feb 2018£530,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Oaklands Rise, Riding Mill have sold within a radius of 4.5 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th April 2023, was 5, Oaklands Rise, Riding Mill, NE44 6EX, a freehold house which sold for £670,000.
Read more about house prices in NE44.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 8 addresses on Oaklands Rise, Riding Mill, NE44, 7, Oaklands Rise, Riding Mill comes out as the 4th largest and the 4th most expensive in our analysis of the public data.
It is also £456k more expensive than the average property across the NE44 district.
More reading links
Schools Nearby
- 200mBroomhaugh (VA) Church of England First School
- 4.0kmBroomley First School
- 4.5kmCorbridge (VA) Church of England First School
- 7.9kmPrudhoe Community High School
- 9.7kmQueen Elizabeth High School
- 13.0kmThorp Academy
More reading links
Public Transport Nearby
From 7, Oaklands Rise, Riding Mill, the nearest station is Riding Mill, 600 metres away.
- 600mRiding Mill
- 3.6kmStocksfield
- 3.8kmCorbridge
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.
