According to the public record, 5, Roland Road, Wallsend is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 643 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Roland Road, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
5, Roland Road, Wallsend has a single entry in the Land Registry database from July 2018 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 5 Roland Road Wallsend as £74,414 and the rental value as £568 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 5 Roland Road Wallsend has increased by £2,637 (3.5%) and its rental value has increased by £56 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 5, Roland Road, Wallsend is in very good condition we estimate a sale value of £78,134 and rental value of £596 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £69,205 and a rental value of £528 per month.
If you were able to purchase this property for the estimated value of £74,414, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £366 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, 5, Roland Road, Wallsend was last sold on 27 Jul 2018 for £55,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2018, the market for similar properties has risen 20.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Roland Road, Wallsend within a radius of 700 metres over the last 2 years.
The most recent example is 9, Roland Road, Wallsend, NE28 6QB, a Leasehold flat which sold for £84,950 in May 2024.
Read more about house prices in NE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Roland Road, Wallsend, NE28 has a total of 17 addresses. According to our analysis of all the public data, 5, Roland Road, Wallsend is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £69k less expensive than the average property in NE28.
The closest station to 5, Roland Road, Wallsend is Northumberland Park (Tyne & Wear) station which is 4.4 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 5, Roland Road, Wallsend, 51.2% of property is socially rented and 18.4% 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 5, Roland Road, Wallsend, 21.1% of residents are recorded as possessing school level qualifications and 18.0% 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 5, Roland Road, Wallsend, the average age was 38.8 and the most common age was 32.
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 5, Roland Road, 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 5, Roland Road, Wallsend, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.