NE28 7EW is a residential postcode located on Octavia Court, Wallsend, NE28. It is the 754th largest postcode in the NE28 area.
It contains 29 houses and the most common type of property is a modern house built after 1980.
The average house value is £106,477. Sales values have increased in the last 12 months by 4.3% and Rental values have increased by 10.8%.
Property sale values range from £100,778 for a freehold house, with 2 bedrooms split across 603 square feet of gross internal area and has a garden to £130,669 for a freehold house, with 3 bedrooms split across 990 square feet of gross internal area and has a garden.
Average £/ft2 for properties in NE28 7EW is £161/ft2.
Properties achieve a rental yield of between 7.6% and 8.2%, and rental values range from £686 to £823 per month.
The last sale was 05 Apr 2024 for £114,000 and since then the market in the area as increased by 1.4%. The postcode has had a total of 4 sales since 1995.
NE28 7EW has seen 2 sales in the last three years and 1 sale in the last twelve months.
NE28 7EW is the 754th largest and the 399th most expensive postcode out of the 1,070 postcodes in the NE28 area.
NE28 7EW is a residential postcode located on Octavia Court, Wallsend, NE28 with 29 houses within its bounds.
The most common property type in NE28 7EW is a modern house built after 1980.
The homes are generally modern in style with the most common Energy Performance Certificate (EPC) rating being C.
The closest station to NE28 7EW is Northumberland Park (Tyne & Wear) station which is 3.4 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around NE28 7EW, 29.7% of property is privately owned with a mortgage and 29.0% is socially rented.
The graph below shows how this compares to Greater London 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 NE28 7EW, 18.5% of residents are recorded as possessing school level qualifications and 26.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around NE28 7EW, the average age was 41.3 and the most common age was 57.
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 NE28 7EW, 1.3% 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 NE28 7EW, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.