Corbridge

Area Guide For Corbridge

Corbridge is a village in Northumberland, England, situated 16 miles (26 km) west of Newcastle and 4 miles (6 km) east of Hexham. Villages in the vicinity include Halton, Acomb, Aydon and Sandhoe. Known to the Romans as something like Corstopitum or Coriosopitum, wooden writing tablets found at Vindolanda suggest it was probably locally called Coria (meaning a tribal centre), it was the most northerly town in the Roman Empire, lying at the junction of Stanegate and Dere Street. The first fort was established c. AD 85, although there was a slightly earlier base nearby at Beaufront Red House. By the middle of the 2nd century AD, the fort was replaced by a town with two walled military compounds, which were garrisoned until the end of the Roman occupation of the site. The best-known finds from the site include the stone Corbridge Lion and the Corbridge Hoard of armour and sundry other items. In Rudyard Kipling's Puck of Pook's Hill, the town of Hunno on the Wall, is probably based on Corstopitum. The Church of England parish church of St. Andrew is thought to have been consecrated in 676. St Wilfrid is supposed to have built the church at the same time as Hexham Abbey was

 
 

Corbridge Map

Estimated Price: £381,612
Average Asking Price: £469,708
Price change in last one year: £30,521
Average Price Paid: £348,769
Average Rent Rates: £630

 
 

Property Prices Breakdown in Corbridge

Average Price for property in Corbridge is around £381,612 which varies based on type of property you are interested in and ranges from £573,272 for detached house to around £339,897 for semi-detached. Similarly terraced house is around £278,997 and a flat is worth £212,657. Values have been changing and have risen £2,046 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,357 in last 6 months, £30,521 in last 1 year, £40,739 in last 2 years, £49,898 in last 3 years, £36,287 in last 4 years and £31,150 in last 5 years.

Currently average asking price of a property in Corbridge is around £469,708 based on approximately 51 properties for sale. Same is the case with rental options based on 14 properties up for rent, average asking rent is around £630 per month.

Estimated property value in Corbridge is £381,612. Average asking price is £469,708 while average price paid is £381,897 which is up by £30,521 and Avg. asking rent £630.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Corbridge area. In last 1 year alone average price buyer paid is around £381,897 based on approximately 51 sales in Corbridge area alone. If you compare it to last 3 years sales of 155 properties where buyers paid around £317,977. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £348,769 for 269 and average amount paid for purchase of approx. 361 properties sold in last 7 years comes to about £339,836 per sale.

 
 

Properties For Sale in Corbridge

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £263,317, £492,767 for a 3 bedroom house, £499,200 for a 4 bedroom house and £344,150 for a 5 bedroom house. For a flat similarly the prices varies from £130,750 for a single bedroom to £207,500 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £372,250. To sum up the asking prices for properties in Corbridge it comes to around average £130,750 for 1 bedroom property, £246,142 for 2 bedroom, £470,855 for 3 bedroom, £499,200 for 4 bedroom and £344,150 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £572 for 1 bedroom to £679 for 2 bedroom, £1,001 for 3 bedroom and £823 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £498. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £586 and £676 for 3 bedroom. You should be generally be expecting around average £547 rent per month for single bedroom property, £626 for 2 bedroom, £838 for 3 bedroom and approximately £823 for 4 bedroom property in Corbridge area.

Popular Houses in Corbridge

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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