According to the public record, 74, Sydney Grove, Wallsend is a mid-century leasehold apartment and with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Sydney Grove, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
74, Sydney Grove, Wallsend has a single entry in the Land Registry database from May 2015 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 74 Sydney Grove Wallsend as £81,055 and the rental value as £581 per month giving an expected gross yield of 8.6%.
Over the last 12 months the sale value of 74 Sydney Grove Wallsend has increased by £2,653 (3.3%) and its rental value has increased by £59 per month (10.1%).
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 74, Sydney Grove, Wallsend is in very good condition we estimate a sale value of £85,108 and rental value of £610 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £75,381 and a rental value of £541 per month.
If you were able to purchase this property for the estimated value of £81,055, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £398 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, 74, Sydney Grove, Wallsend was last sold on 14 May 2015 for £77,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2015, the market for similar properties has risen 17.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 74, Sydney Grove, Wallsend within a radius of 79m over the last 2 years.
The most recent example is 39, Hardy Grove, Wallsend, NE28 9HF, a Leasehold flat which sold for £94,600 in Mar 2024.
Read more about house prices in NE28.
Sydney Grove, Wallsend, NE28 has a total of 134 addresses. According to our analysis of all the public data, 74, Sydney Grove, Wallsend is the 130th largest and the 130th most expensive property on the street.
When compared to the postcode district it is £62k less expensive than the average property in NE28.
74, Sydney Grove, Wallsend has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Jul 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 74, Sydney Grove, Wallsend is Northumberland Park (Tyne & Wear) station which is 3.3 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 74, Sydney Grove, Wallsend, 40.8% of property is privately owned with a mortgage and 31.7% 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 74, Sydney Grove, Wallsend, 16.1% of residents are recorded as possessing school level qualifications and 20.8% 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 74, Sydney Grove, Wallsend, the average age was 40.8 and the most common age was 27.
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 74, Sydney Grove, Wallsend, 1.3% 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 74, Sydney Grove, 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.