According to the public record, 16, Albert Avenue, Wallsend is a period leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Albert Avenue, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
16, Albert Avenue, Wallsend has 21 entries in the Land Registry database, most recently in May 2006 and a single entry in the EPC database dated November 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 16 Albert Avenue Wallsend as £60,006 and the rental value as £485 per month giving an expected gross yield of 9.7%.
Over the last 12 months the sale value of 16 Albert Avenue Wallsend has increased by £2,148 (3.6%) and its rental value has increased by £48 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 16, Albert Avenue, Wallsend is in very good condition we estimate a sale value of £63,006 and rental value of £509 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £55,805 and a rental value of £451 per month.
If you were able to purchase this property for the estimated value of £60,006, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £295 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, 16, Albert Avenue, Wallsend was last sold on 12 May 2006 for £69,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Albert Avenue, Wallsend within a radius of 480 metres over the last 2 years.
The most recent example is 279, Station Road, Wallsend, NE28 8SB, a Leasehold flat which sold for £51,000 in Jun 2023.
Read more about house prices in NE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Albert Avenue, Wallsend, NE28 has a total of 30 addresses. According to our analysis of all the public data, 16, Albert Avenue, Wallsend is the 30th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £83k less expensive than the average property in NE28.
16, Albert Avenue, Wallsend has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Nov 2013.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to 16, Albert Avenue, 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 16, Albert Avenue, Wallsend, 50.0% of property is privately rented and 20.5% 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 16, Albert Avenue, Wallsend, 17.2% of residents are recorded as possessing school level qualifications and 35.0% 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 16, Albert Avenue, 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 16, Albert Avenue, Wallsend, 0.0% 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 16, Albert Avenue, Wallsend, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.