According to the public record, 240, High Street East, Wallsend is a period leasehold apartment and with 720 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
High Street East, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
240, High Street East, Wallsend has 41 entries in the Land Registry database, most recently in August 2007 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 240 High Street East Wallsend as £62,463 and the rental value as £490 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of 240 High Street East Wallsend has increased by £2,264 (3.6%) and its rental value has increased by £49 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 240, High Street East, Wallsend is in very good condition we estimate a sale value of £65,586 and rental value of £515 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £58,091 and a rental value of £456 per month.
If you were able to purchase this property for the estimated value of £62,463, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £307 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, 240, High Street East, Wallsend was last sold on 06 Aug 2007 for £87,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Aug 2007, the market for similar properties has dropped 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 240, High Street East, Wallsend within a radius of 114m over the last 2 years.
The most recent example is 50, Myrtle Grove, Wallsend, NE28 6PH, a Leasehold flat which sold for £70,000 in Apr 2024.
Read more about house prices in NE28.
High Street East, Wallsend, NE28 has a total of 216 addresses. According to our analysis of all the public data, 240, High Street East, Wallsend is the 85th largest and the 198th most expensive property on the street.
When compared to the postcode district it is £81k less expensive than the average property in NE28.
240, High Street East, Wallsend has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Mar 2012.
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 240, High Street East, 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 240, High Street East, 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 240, High Street East, 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 240, High Street East, 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 240, High Street East, 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 240, High Street East, 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.