According to the public record, 22, Melrose Avenue, Newcastle Upon Tyne is a period freehold house and with 936 ft2 of internal area and sits on a 148 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melrose Avenue, Backworth, Newcastle Upon Tyne, NE27 is located in the borough of North Tyneside within the NE27 postal district.
22, Melrose Avenue, Newcastle Upon Tyne has 61 entries in the Land Registry database, most recently in May 2018 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 22 Melrose Avenue Newcastle Upon Tyne as £146,905 and the rental value as £849 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 22 Melrose Avenue Newcastle Upon Tyne has increased by £2,484 (1.7%) and its rental value has increased by £78 per month (9.2%).
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 22, Melrose Avenue, Newcastle Upon Tyne is in very good condition we estimate a sale value of £154,250 and rental value of £891 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £136,621 and a rental value of £789 per month.
If you were able to purchase this property for the estimated value of £146,905, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £722 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 data from HM Land Registry, 22, Melrose Avenue, Newcastle Upon Tyne sits on a plot of 148m2.
We have plot size data on 30 out of 44 other houses in the postcode and 22, Melrose Avenue, Newcastle Upon Tyne sits on the 4th largest plot.
According to HM Land Registry, 22, Melrose Avenue, Newcastle Upon Tyne was last sold on 25 May 2018 for £120,000 and was recorded as a freehold house.
The property has had 6 sales since 1995.
Since May 2018, the market for similar properties has risen 33.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 22, Melrose Avenue, Newcastle Upon Tyne within a radius of 92m over the last 2 years.
The most recent example is 25, Melrose Avenue, Newcastle Upon Tyne, NE27 0JD, a Freehold house which sold for £171,000 in Dec 2022.
Read more about house prices in NE27.
Melrose Avenue, Backworth, Newcastle Upon Tyne, NE27 has a total of 44 addresses. According to our analysis of all the public data, 22, Melrose Avenue, Newcastle Upon Tyne is the 16th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £110k less expensive than the average property in NE27.
22, Melrose Avenue, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Jan 2015.
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 22, Melrose Avenue, Newcastle Upon Tyne is Northumberland Park (Tyne & Wear) station which is 1.3 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 22, Melrose Avenue, Newcastle Upon Tyne, 40.0% of property is privately owned with a mortgage and 39.2% 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 22, Melrose Avenue, Newcastle Upon Tyne, 12.4% of residents are recorded as possessing school level qualifications and 43.7% 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 22, Melrose Avenue, Newcastle Upon Tyne, the average age was 40.1 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 22, Melrose Avenue, Newcastle Upon Tyne, 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 22, Melrose Avenue, Newcastle Upon Tyne, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.