According to the public record, 25, Bray Close, Wallsend is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 622 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Bray Close, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
25, Bray Close, Wallsend has a single entry in the Land Registry database from March 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 25 Bray Close Wallsend as £67,064 and the rental value as £519 per month giving an expected gross yield of 9.3%.
Over the last 12 months the sale value of 25 Bray Close Wallsend has increased by £2,415 (3.6%) and its rental value has increased by £52 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 25, Bray Close, Wallsend is in very good condition we estimate a sale value of £70,417 and rental value of £545 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £62,370 and a rental value of £483 per month.
If you were able to purchase this property for the estimated value of £67,064, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £330 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, 25, Bray Close, Wallsend was last sold on 12 Mar 2021 for £47,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2021, the market for similar properties has risen 9.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 25, Bray Close, Wallsend within a radius of 570 metres over the last 2 years.
The most recent example is 2, Berkley Close, Wallsend, NE28 9BJ, a Leasehold flat which sold for £68,000 in May 2023.
Read more about house prices in NE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bray Close, Wallsend, NE28 has a total of 29 addresses. According to our analysis of all the public data, 25, Bray Close, Wallsend is the 29th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £76k less expensive than the average property in NE28.
The closest station to 25, Bray Close, Wallsend is Northumberland Park (Tyne & Wear) station which is 3.0 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 25, Bray Close, Wallsend, 55.7% of property is privately owned outright and 38.2% 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 25, Bray Close, Wallsend, 13.1% of residents are recorded as possessing school level qualifications and 24.8% 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 25, Bray Close, Wallsend, the average age was 44.3 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 25, Bray Close, 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 25, Bray Close, Wallsend, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.