According to the public record, 7B, Willington Terrace, Wallsend is a modern leasehold apartment with 612 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 7, Willington Terrace, Wallsend, NE28.
Willington Terrace, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
7B, Willington Terrace, Wallsend has a single entry in the Land Registry database from November 2011 and a single entry in the EPC database dated June 2011.
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 7B Willington Terrace Wallsend as £85,330 and the rental value as £592 per month giving an expected gross yield of 8.3%.
Over the last 12 months the sale value of 7B Willington Terrace Wallsend has increased by £2,893 (3.4%) and its rental value has increased by £58 per month (9.8%).
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 7B, Willington Terrace, Wallsend is in very good condition we estimate a sale value of £89,596 and rental value of £622 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £79,357 and a rental value of £551 per month.
If you were able to purchase this property for the estimated value of £85,330, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £419 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, 7B, Willington Terrace, Wallsend was last sold on 30 Nov 2011 for £69,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2011, the market for similar properties has risen 22.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7B, Willington Terrace, Wallsend within a radius of 550 metres over the last 2 years.
The most recent example is 18, South Terrace, Wallsend, NE28 6QD, a Leasehold flat which sold for £90,000 in May 2024.
Read more about house prices in NE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Willington Terrace, Wallsend, NE28 has a total of 91 addresses. According to our analysis of all the public data, 7B, Willington Terrace, Wallsend is the 43rd largest and the 27th most expensive property on the street.
When compared to the postcode district it is £58k less expensive than the average property in NE28.
7B, Willington Terrace, Wallsend has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Jun 2011.
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 7B, Willington Terrace, Wallsend is Northumberland Park (Tyne & Wear) station which is 4.1 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 7B, Willington Terrace, Wallsend, 55.0% of property is socially rented and 26.1% is privately rented.
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 7B, Willington Terrace, Wallsend, 13.3% of residents are recorded as possessing school level qualifications and 16.4% 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 7B, Willington Terrace, 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 7B, Willington Terrace, 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 7B, Willington Terrace, Wallsend, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.