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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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Farnley Gate House, Riding Mill is recorded publicly as a period freehold house across 1,905 ft2 of internal area, sitting on a 2,677 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of Farnley Gate House, Riding Mill is £1,005,946 and its rental estimate is £3,396 per month, given the available information and assuming reasonable condition.
Broomhaugh, Riding Mill, NE44 falls within the NE44 postal district.
Farnley Gate House, Riding Mill has a single entry in the Land Registry from April 2018 and a single entry in the EPC database dated August 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 Farnley Gate House, Riding Mill, we estimate a market value of £1,056,244 and a rental value of £3,566 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £935,530 and £3,158 per month respectively.
Over the last year, Farnley Gate House, Riding Mill has seen its estimated sale value drop by £838 (0.1%) and its estimated rental value rise by £56 per month (1.6%). This results in an estimated gross rental yield of 4.1%.
HM Land Registry records the plot of land for Farnley Gate House, Riding Mill as measuring 2,677 m2.
That makes it the largest plot in the postcode, where 3 of the 7 other houses have recorded plot data.
Farnley Gate House, Riding Mill has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Aug 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 Farnley Gate House, Riding Mill completed on 20th April 2018 at £475,000 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 22.4% over the period since April 2018.
Over the past 2 years 3 properties similar to Farnley Gate House, Riding Mill have sold within a radius of 2.7 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 4th January 2023, was Avondale, Station Road, Corbridge, NE45 5AY, a freehold house which sold for £470,000.
Read more about house prices in NE44.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 164 addresses on Broomhaugh, Riding Mill, NE44, Farnley Gate House, Riding Mill comes out as the 54th largest and the 14th most expensive in our analysis of the public data.
It is also £764k more expensive than the average property across the NE44 district.
From Farnley Gate House, Riding Mill, the nearest station is Riding Mill, 1.6 kilometres away.
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
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 Farnley Gate House, 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 Farnley Gate House, 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 Farnley Gate House, 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 Farnley Gate House, 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.
