2 Millbank Terrace, Bedlington, NE22 5BY is a leasehold flat built between 1930-1949. The property offers approximately 700 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £82,599 , which equates to approximately £118 per square foot. It was last sold on 11 Oct 2006 for £74,000. Since then, the value has increased by £8,599, representing a 11.6% increase, or approximately 0.6% per year.

The current estimated value of £82,599 is:

  • 2.5% higher than the average property price on Millbank Terrace
  • 5.2% higher than the average in the NE22 5BY postcode area
  • and 56.5% lower than the average price for Bedlington as a whole

At the most recent EPC inspection on 31 July 2023, the property was recorded as owner-occupied.

View sold house prices in NE22 5BY

Building approximate location

About Property

Type
Flat
Built
1930-1949
Interior Size
700 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£82,599
Price Per sq ft (estimate)
£118
Bedroom Count (estimate)
2 bedrooms

EPC Summary

2 Millbank Terrace, Bedlington, Wansbeck, Northumberland, NE22 5BY has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 31 Jul 2023.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 29 Apr 2009, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 27.6%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from flat, limited insulation (assumed) to pitched, 300 mm loft insulation, improving energy efficiency from very poor to very good.
  • The windows were upgraded from single glazed to fully double glazed.
  • The lighting was updated from no low energy lighting to low energy lighting in all fixed outlets, with efficiency improving from very poor to very good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, 300 mm loft insulation
Very Good
Walls
Cavity wall, as built, no insulation (assumed)
Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE22 5BY

14 th / 20
Price Rank
5% higher than average
9 th / 19
Size Rank
5% smaller than average
14 th / 19
Price Per Sq FT Rank
11% higher than average

Compared to other properties in NE22 5BY , this flat's estimated value ranks 14th out of 20. Based on price per square foot, it ranks 14th out of 19 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 9th out of 19 properties in its postcode area.

Sale History

Today
£82,599
streetscan.co.uk estimate
+12 %
11 Oct 2006
£74,000
Leasehold
+12.1 %
16 Jun 2006
£66,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 603 sq ft
sale price: £68,000
sale date: 9 Feb 2024
rooms: 3
size: 775 sq ft
sale price: £56,000
sale date: 28 May 2021
rooms: 4
size: 657 sq ft
sale price: £30,000
sale date: 2 May 2019
rooms: 3
size: 689 sq ft
sale price: £47,250
sale date: 4 Oct 2017
rooms: 3
size: 710 sq ft
sale price: £62,500
sale date: 19 Aug 2010

Data Sources

The property at 2 Millbank Terrace, Bedlington, NE22 5BY appears two times in the Land Registry records, with the latest transaction recorded on 11 Oct 2006. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 31 Jul 2023. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.