According to the public record, 41, Elgin Avenue, Wallsend is a mid-century freehold house with 721 ft2 of internal area and sits on a 171 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Elgin Avenue, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
41, Elgin Avenue, Wallsend has a single entry in the Land Registry database from July 2014 and a single entry in the EPC database dated February 2014.
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 41 Elgin Avenue Wallsend as £116,920 and the rental value as £793 per month giving an expected gross yield of 8.1%.
Over the last 12 months the sale value of 41 Elgin Avenue Wallsend has increased by £3,729 (3.2%) and its rental value has increased by £76 per month (9.6%).
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 41, Elgin Avenue, Wallsend is in very good condition we estimate a sale value of £122,766 and rental value of £833 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £108,736 and a rental value of £738 per month.
If you were able to purchase this property for the estimated value of £116,920, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £575 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, 41, Elgin Avenue, Wallsend sits on a plot of 171m2.
We have plot size data on 12 out of 33 other houses in the postcode and 41, Elgin Avenue, Wallsend sits on the 10th largest plot.
According to HM Land Registry, 41, Elgin Avenue, Wallsend was last sold on 11 Jul 2014 for £95,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2014, the market for similar properties has risen 34.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Elgin Avenue, Wallsend within a radius of 470 metres over the last 2 years.
The most recent example is 8, Oban Avenue, Wallsend, NE28 0PU, a Freehold house which sold for £114,300 in Aug 2020.
Read more about house prices in NE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elgin Avenue, Wallsend, NE28 has a total of 53 addresses. According to our analysis of all the public data, 41, Elgin Avenue, Wallsend is the 48th largest and the 51st most expensive property on the street.
When compared to the postcode district it is £26k less expensive than the average property in NE28.
41, Elgin Avenue, Wallsend has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Feb 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 41, Elgin Avenue, Wallsend is Northumberland Park (Tyne & Wear) station which is 3.6 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 41, Elgin Avenue, Wallsend, 61.1% of property is socially rented and 21.4% 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 41, Elgin Avenue, Wallsend, 21.4% of residents are recorded as possessing school level qualifications and 16.4% 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 41, Elgin Avenue, 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 41, Elgin Avenue, 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 41, Elgin Avenue, Wallsend, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.