According to the public record, 49, David Street, Wallsend is a mid-century leasehold apartment and with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
David Street, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
49, David Street, Wallsend has 21 entries in the Land Registry database, most recently in February 2012 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 49 David Street Wallsend as £68,187 and the rental value as £521 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 49 David Street Wallsend has increased by £2,452 (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 49, David Street, Wallsend is in very good condition we estimate a sale value of £71,596 and rental value of £547 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £63,414 and a rental value of £484 per month.
If you were able to purchase this property for the estimated value of £68,187, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £335 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, 49, David Street, Wallsend was last sold on 03 Feb 2012 for £68,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2012, the market for similar properties has risen 24.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 49, David Street, Wallsend within a radius of 47m over the last 2 years.
The most recent example is 28, Elton Street East, Wallsend, NE28 8QU, a Leasehold flat which sold for £64,000 in Mar 2021.
Read more about house prices in NE28.
David Street, Wallsend, NE28 has a total of 31 addresses. According to our analysis of all the public data, 49, David Street, Wallsend is the 31st largest and the 31st most expensive property on the street.
When compared to the postcode district it is £75k less expensive than the average property in NE28.
49, David Street, Wallsend has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Mar 2023.
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 49, David Street, Wallsend is Northumberland Park (Tyne & Wear) station which is 4.7 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 49, David Street, Wallsend, 46.7% of property is privately rented and 26.0% 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 49, David Street, Wallsend, 21.8% of residents are recorded as possessing school level qualifications and 37.5% 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 49, David Street, Wallsend, the average age was 42.4 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 49, David Street, 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 49, David Street, 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.