According to the public record, 14, South Terrace, Wallsend is a period leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
South Terrace, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
14, South Terrace, Wallsend has a single entry in the Land Registry database from April 2012 and a single entry in the EPC database dated July 2010.
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 14 South Terrace Wallsend as £83,215 and the rental value as £605 per month giving an expected gross yield of 8.7%.
Over the last 12 months the sale value of 14 South Terrace Wallsend has increased by £2,949 (3.5%) and its rental value has increased by £60 per month (10.0%).
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 14, South Terrace, Wallsend is in very good condition we estimate a sale value of £87,375 and rental value of £635 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £77,389 and a rental value of £562 per month.
If you were able to purchase this property for the estimated value of £83,215, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £409 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, 14, South Terrace, Wallsend was last sold on 10 Apr 2012 for £45,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2012, the market for similar properties has risen 29.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14, South Terrace, Wallsend within a radius of 740 metres over the last 2 years.
The most recent example is 18, South Terrace, Wallsend, NE28 6QD, a Leasehold flat which sold for £90,000 in May 2024.
Read more about house prices in NE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
South Terrace, Wallsend, NE28 has a total of 70 addresses. According to our analysis of all the public data, 14, South Terrace, Wallsend is the 55th largest and the 41st most expensive property on the street.
When compared to the postcode district it is £60k less expensive than the average property in NE28.
14, South Terrace, Wallsend has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Jul 2010.
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 14, South Terrace, Wallsend is Northumberland Park (Tyne & Wear) station which is 4.5 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 14, South Terrace, Wallsend, 45.2% of property is privately owned with a mortgage and 27.2% is privately owned outright.
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 14, South Terrace, Wallsend, 15.8% of residents are recorded as possessing school level qualifications and 32.3% 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 14, South Terrace, Wallsend, the average age was 38.8 and the most common age was 32.
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 14, South Terrace, Wallsend, 1.6% 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 14, South Terrace, Wallsend, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.