According to the public record, 1, Lynn Road, Wallsend is a early-century leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Lynn Road, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
1, Lynn Road, Wallsend has 31 entries in the Land Registry database, most recently in July 2017 and a single entry in the EPC database dated December 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Lynn Road Wallsend as £102,409 and the rental value as £671 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of 1 Lynn Road Wallsend has increased by £4,093 (4.0%) and its rental value has increased by £69 per month (10.3%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Lynn Road, Wallsend is in very good condition we estimate a sale value of £107,529 and rental value of £705 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £95,240 and a rental value of £624 per month.
If you were able to purchase this property for the estimated value of £102,409, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £503 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Lynn Road, Wallsend was last sold on 31 Jul 2017 for £82,820 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2017, the market for similar properties has risen 21.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Lynn Road, Wallsend within a radius of 480 metres over the last 2 years.
The most recent example is 53, Lynn Road, Wallsend, NE28 8QA, a Leasehold flat which sold for £96,000 in Jun 2023.
Read more about house prices in NE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lynn Road, Wallsend, NE28 has a total of 64 addresses. According to our analysis of all the public data, 1, Lynn Road, Wallsend is the 55th largest and the 54th most expensive property on the street.
When compared to the postcode district it is £41k less expensive than the average property in NE28.
1, Lynn Road, Wallsend has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Dec 2013.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Lynn Road, Wallsend is Heworth station which is 4.4 kilometres 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 1, Lynn Road, Wallsend, 41.9% of property is privately owned outright and 35.0% is privately owned with a mortgage.
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 1, Lynn Road, Wallsend, 11.8% of residents are recorded as possessing school level qualifications and 29.5% 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 1, Lynn Road, Wallsend, the average age was 42.4 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 1, Lynn Road, Wallsend, 0.7% 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 1, Lynn Road, Wallsend, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.