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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
8, The Old Orchard, Riding Mill is recorded publicly as a modern leasehold apartment across 613 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 8, The Old Orchard, Riding Mill is £118,922 and its rental estimate is £619 per month, given the available information and assuming reasonable condition.
The Old Orchard, Riding Mill, NE44 falls within the NE44 postal district.
8, The Old Orchard, Riding Mill has 31 entries in the Land Registry , most recently in October 2021 and a single entry in the EPC database dated April 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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 8, The Old Orchard, Riding Mill, we estimate a market value of £124,868 and a rental value of £650 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £110,598 and £576 per month respectively.
Over the last year, 8, The Old Orchard, Riding Mill has seen its estimated sale value move up by £30 (0.0%) and its estimated rental value increase by £13 per month (2.1%). This results in an estimated gross rental yield of 6.2%.
8, The Old Orchard, Riding Mill has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Apr 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 8, The Old Orchard, Riding Mill completed on 1st October 2021 at £125,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 4.6% over the period since October 2021.
Over the past 2 years 3 properties similar to 8, The Old Orchard, Riding Mill have sold within a radius of 4.3 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th March 2022, was 3, The Old Orchard, Riding Mill, NE44 6ET, a leasehold flat which sold for £132,500.
Read more about house prices in NE44.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 12 addresses on The Old Orchard, Riding Mill, NE44, 8, The Old Orchard, Riding Mill comes out as the 10th largest and the 10th most expensive in our analysis of the public data.
It is also £123k less expensive than the average property across the NE44 district.
From 8, The Old Orchard, Riding Mill, the nearest station is Riding Mill, 200 metres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 8, The Old Orchard, Riding Mill, % 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 8, The Old Orchard, Riding Mill, 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 8, The Old Orchard, Riding 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 8, The Old Orchard, Riding Mill, 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.
