Mereburn Cottage, Consett
Mereburn Cottage, Consett
Description & Estimates
Mereburn Cottage, Consett is described in the public record as a modern house with 2,077 ft2 of internal area.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of Mereburn Cottage, Consett is £785,061 and its rental estimate is £2,650 per month, given the available information and assuming reasonable condition.
Shotley Bridge, Consett, DH8 falls within the DH8 postal district.
Our Data Sources
Mereburn Cottage, Consett has no records in the the Land Registry and a single entry in the EPC database dated September 2014.
We combine this information with public data 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.
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 Mereburn Cottage, Consett, we estimate a market value of £824,315 and a rental value of £2,783 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £730,107 and £2,465 per month respectively.
Recent Market Change
Over the last year, Mereburn Cottage, Consett has seen its estimated sale value move down by £9,683 (1.2%) and its estimated rental value increase by £44 per month (1.7%). This results in an estimated gross rental yield of 4.1%.
Energy Efficiency
Mereburn Cottage, Consett has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Sep 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Ground source heat pump, underfloor, electric.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Mereburn Cottage, Consett have sold within a radius of 3.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 6th November 2015, was Meadowbank, Consett, DH8 9JP, a freehold house which sold for £600,000.
Read more about house prices in DH8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 291 addresses on Shotley Bridge, Consett, DH8, Mereburn Cottage, Consett comes out as the 94th largest and the 10th most expensive in our analysis of the public data.
It is also £620k more expensive than the average property across the DH8 district.
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Schools Nearby
- 2.4kmWhittonstall First School
- 3.3kmShotley Bridge Primary School
- 3.8kmEbchester CofE Primary School
- 5.6kmConsett Academy
- 8.1kmPrudhoe Community High School
- 11.7kmSt Bede's Catholic School and Sixth Form College, Lanchester
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Public Transport Nearby
From Mereburn Cottage, Consett, the nearest station is Stocksfield, 6.7 kilometres away.
- 6.7kmStocksfield
- 8.2kmRiding Mill
- 8.9kmPrudhoe
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
