According to the public record, 44, Rae Avenue, Wallsend is a mid-century leasehold house and with 699 ft2 of internal area and sits on a 133 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Rae Avenue, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
44, Rae Avenue, Wallsend has 31 entries in the Land Registry database, most recently in October 2021 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 44 Rae Avenue Wallsend as £130,437 and the rental value as £823 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 44 Rae Avenue Wallsend has increased by £4,507 (3.5%) and its rental value has increased by £81 per month (9.9%).
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 44, Rae Avenue, Wallsend is in very good condition we estimate a sale value of £136,959 and rental value of £864 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £121,306 and a rental value of £766 per month.
If you were able to purchase this property for the estimated value of £130,437, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £641 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, 44, Rae Avenue, Wallsend sits on a plot of 133m2.
We have plot size data on 43 out of 51 other houses in the postcode and 44, Rae Avenue, Wallsend sits on the 34th largest plot.
According to HM Land Registry, 44, Rae Avenue, Wallsend was last sold on 15 Oct 2021 for £136,000 and was recorded as a leasehold house.
The property has had 3 sales since 1995.
Since Oct 2021, the market for similar properties has risen 7.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 44, Rae Avenue, Wallsend within a radius of 364m over the last 2 years.
The most recent example is 5, Eskdale Avenue, Wallsend, NE28 9JA, a Freehold house which sold for £108,000 in Jan 2024.
Read more about house prices in NE28.
Rae Avenue, Wallsend, NE28 has a total of 51 addresses. According to our analysis of all the public data, 44, Rae Avenue, Wallsend is the 43rd largest and the 47th most expensive property on the street.
When compared to the postcode district it is £13k less expensive than the average property in NE28.
44, Rae Avenue, Wallsend has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 May 2021.
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 44, Rae Avenue, Wallsend is Northumberland Park (Tyne & Wear) station which is 3.2 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 44, Rae Avenue, Wallsend, 48.8% of property is privately owned outright and 31.5% 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 44, Rae Avenue, Wallsend, 11.5% of residents are recorded as possessing school level qualifications and 23.0% 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 44, Rae Avenue, 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 44, Rae Avenue, Wallsend, 2.7% 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 44, Rae Avenue, Wallsend, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.