According to the public record, 201, Park Road, Wallsend is a period apartment with 1,022 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Park Road, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
201, Park Road, Wallsend has no recent1 records in the Land Registry database and a single entry in the EPC database dated November 2014.
We combine this information with public data 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 201 Park Road Wallsend as £86,130 and the rental value as £631 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 201 Park Road Wallsend has increased by £3,460 (4.0%) and its rental value has increased by £66 per month (10.5%).
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 201, Park Road, Wallsend is in very good condition we estimate a sale value of £90,437 and rental value of £663 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £80,101 and a rental value of £587 per month.
If you were able to purchase this property for the estimated value of £86,130, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £423 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, 201, Park Road, Wallsend was last sold on 13 Jan 2003 for £54,995 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 201, Park Road, Wallsend within a radius of 410 metres over the last 2 years.
The most recent example is Flat 5, 90, Park Road, Wallsend, NE28 7QP, a Leasehold flat which sold for £89,000 in Jun 2023.
Read more about house prices in NE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Road, Wallsend, NE28 has a total of 149 addresses. According to our analysis of all the public data, 201, Park Road, Wallsend is the 46th largest and the 93rd most expensive property on the street.
When compared to the postcode district it is £57k less expensive than the average property in NE28.
201, Park Road, Wallsend has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 23 Nov 2014.
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 201, Park Road, Wallsend is Northumberland Park (Tyne & Wear) 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 201, Park Road, Wallsend, 35.0% of property is privately owned outright and 28.6% 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 201, Park Road, Wallsend, 8.8% of residents are recorded as possessing school level qualifications and 30.6% 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 201, Park Road, 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 201, Park Road, 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 201, Park Road, Wallsend, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.