According to the public record, 2, Westmorland Street, Wallsend is a period leasehold apartment and with 904 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Westmorland Street, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
2, Westmorland Street, Wallsend has 3 entries in the Land Registry database, most recently in August 2022 and no records in the EPC database.
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 2 Westmorland Street Wallsend as £81,796 and the rental value as £605 per month giving an expected gross yield of 8.9%.
Over the last 12 months the sale value of 2 Westmorland Street Wallsend has increased by £2,965 (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 2, Westmorland Street, Wallsend is in very good condition we estimate a sale value of £85,886 and rental value of £636 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £76,071 and a rental value of £563 per month.
If you were able to purchase this property for the estimated value of £81,796, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £402 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, 2, Westmorland Street, Wallsend was last sold on 31 Aug 2022 for £97,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2022, the market for similar properties has risen 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Westmorland Street, Wallsend within a radius of 271m over the last 2 years.
The most recent example is 156, Holly Avenue, Wallsend, NE28 6PL, a Leasehold flat which sold for £50,000 in Jan 2023.
Read more about house prices in NE28.
Westmorland Street, Wallsend, NE28 has a total of 37 addresses. According to our analysis of all the public data, 2, Westmorland Street, Wallsend is the 6th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £61k less expensive than the average property in NE28.
2, Westmorland Street, Wallsend has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Jun 2016.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 2, Westmorland Street, Wallsend is Northumberland Park (Tyne & Wear) station which is 4.5 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 2, Westmorland Street, Wallsend, 52.0% of property is privately rented and 21.6% 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 2, Westmorland Street, Wallsend, 13.0% of residents are recorded as possessing school level qualifications and 26.3% 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 2, Westmorland Street, Wallsend, the average age was 38.5 and the most common age was 27.
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 2, Westmorland Street, 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 2, Westmorland Street, Wallsend, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.