According to the public record, 3, Melrose Gardens, Wallsend is a mid-century house with 858 ft2 of internal area and sits on a 285 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melrose Gardens, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
3, Melrose Gardens, Wallsend has no records in the Land Registry database and no records in the EPC database.
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 3 Melrose Gardens Wallsend as £91,620 and the rental value as £599 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 3 Melrose Gardens Wallsend has increased by £2,594 (2.8%) and its rental value has increased by £55 per month (9.3%).
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 3, Melrose Gardens, Wallsend is in very good condition we estimate a sale value of £96,201 and rental value of £629 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £85,207 and a rental value of £557 per month.
If you were able to purchase this property for the estimated value of £91,620, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £450 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, 3, Melrose Gardens, Wallsend sits on a plot of 285m2.
We have plot size data on 9 out of 27 other houses in the postcode and 3, Melrose Gardens, Wallsend sits on the 3rd largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Melrose Gardens, Wallsend within a radius of 159m over the last 2 years.
The most recent example is 37, Melrose Gardens, Wallsend, NE28 0HW, a Freehold house which sold for £70,000 in Oct 2023.
Read more about house prices in NE28.
Melrose Gardens, Wallsend, NE28 has a total of 59 addresses. According to our analysis of all the public data, 3, Melrose Gardens, Wallsend is the 53rd largest and the 57th most expensive property on the street.
When compared to the postcode district it is £51k less expensive than the average property in NE28.
3, Melrose Gardens, Wallsend has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Aug 2011.
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 3, Melrose Gardens, Wallsend is Northumberland Park (Tyne & Wear) station which is 3.8 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 3, Melrose Gardens, Wallsend, 39.4% of property is socially rented and 37.0% 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 3, Melrose Gardens, Wallsend, 25.2% of residents are recorded as possessing school level qualifications and 23.5% 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 3, Melrose Gardens, Wallsend, the average age was 41.3 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 3, Melrose Gardens, 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 3, Melrose Gardens, Wallsend, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.