According to the public record, 6 Valeshead House, Wallsend is a modern leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Valeshead House, Park Road, Wallsend, NE28.
Park Road, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
6 Valeshead House, Wallsend has a single entry in the Land Registry database from August 2022 and a single entry in the EPC database dated May 2024.
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 6 Valeshead House Wallsend as £49,145 and the rental value as £390 per month giving an expected gross yield of 9.5%.
Over the last 12 months the sale value of 6 Valeshead House Wallsend has increased by £1,767 (3.6%) and its rental value has increased by £39 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 6 Valeshead House, Wallsend is in very good condition we estimate a sale value of £51,603 and rental value of £409 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £45,705 and a rental value of £362 per month.
If you were able to purchase this property for the estimated value of £49,145, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £242 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, 6 Valeshead House, Wallsend was last sold on 01 Aug 2022 for £45,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2022, the market for similar properties has risen 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6 Valeshead House, Wallsend within a radius of 380 metres over the last 2 years.
The most recent example is 279, Station Road, Wallsend, NE28 8SB, a Leasehold flat which sold for £51,000 in Jun 2023.
Read more about house prices in NE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Road, Wallsend, NE28 has a total of 149 addresses. According to our analysis of all the public data, 6 Valeshead House, Wallsend is the 132nd largest and the 144th most expensive property on the street.
When compared to the postcode district it is £94k less expensive than the average property in NE28.
6 Valeshead House, Wallsend has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 May 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 6 Valeshead House, Wallsend is Northumberland Park (Tyne & Wear) station which is 4.5 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 6 Valeshead House, Wallsend, 39.8% of property is privately owned with a mortgage and 33.9% is privately owned outright.
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 6 Valeshead House, Wallsend, 22.8% of residents are recorded as possessing school level qualifications and 34.9% 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 6 Valeshead House, 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 6 Valeshead House, 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 6 Valeshead House, 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.