According to the public record, 16, John Street, Wallsend is a early-century leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
John Street, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
16, John Street, Wallsend has 21 entries in the Land Registry database, most recently in June 2018 and a single entry in the EPC database dated April 2017.
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 John Street Wallsend as £84,068 and the rental value as £609 per month giving an expected gross yield of 8.7%.
Over the last 12 months the sale value of 16 John Street Wallsend has increased by £3,009 (3.6%) and its rental value has increased by £61 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, John Street, Wallsend is in very good condition we estimate a sale value of £88,272 and rental value of £639 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £78,184 and a rental value of £566 per month.
If you were able to purchase this property for the estimated value of £84,068, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £413 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, John Street, Wallsend was last sold on 01 Jun 2018 for £71,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2018, the market for similar properties has risen 20.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, John Street, Wallsend within a radius of 410 metres over the last 2 years.
The most recent example is 54, Elton Street East, Wallsend, NE28 8QU, a Leasehold flat which sold for £77,000 in Sep 2022.
Read more about house prices in NE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
John Street, Wallsend, NE28 has a total of 20 addresses. According to our analysis of all the public data, 16, John Street, Wallsend is the 15th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £59k less expensive than the average property in NE28.
16, John Street, Wallsend has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Apr 2017.
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 16, John Street, Wallsend is Northumberland Park (Tyne & Wear) station which is 4.7 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, John Street, Wallsend, 51.8% of property is socially rented and 25.3% is privately 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 16, John Street, Wallsend, 13.9% of residents are recorded as possessing school level qualifications and 10.6% 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, John Street, 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, John Street, Wallsend, 1.8% 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, John Street, Wallsend, there are an average of 0.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.