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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 2, Stote Close, Wallsend is a modern freehold house with 1,076 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Stote Close, Wallsend is £237,973 and the estimated rental value is £1,229 per month.
Stote Close, Wallsend, NE28 is located in the borough of North Tyneside within the NE28 postal district.
2, Stote Close, Wallsend has a single entry in the Land Registry from May 2023 and a single entry in the EPC database dated April 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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 2, Stote Close, Wallsend is in very good condition we estimate a sale value of £249,871 and a rental value of £1,291 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £221,315 and a rental value of £1,143 per month.
Over the last 12 months the sale value of 2 Stote Close Wallsend has decreased by an estimated £368 (0.2%) and its rental value has increased by an estimated £42 per month (3.4%), giving an expected gross yield of 6.2%.
2, Stote Close, Wallsend has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Apr 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Stote Close, Wallsend was last sold on 26th May 2023 for £274,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2023, the market for similar properties has dropped 10.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Stote Close, Wallsend within a radius of 690 metres over the last 2 years.
The most recent example is 57, Anderson Way, Wallsend, NE28 6TS, a freehold house which sold for £284,950 on the 29th September 2023.
Read more about house prices in NE28.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Stote Close, Wallsend, NE28 has a total of 25 addresses. According to our analysis of all the public data, 2, Stote Close, Wallsend is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £84k more expensive than the average property in NE28.
The closest station to 2, Stote Close, Wallsend is Northumberland Park (Tyne & Wear) station which is 4.9 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Stote Close, Wallsend, 36.6% of property is socially rented and 27.5% is privately rented.
The graph below shows how this compares to North East 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 2, Stote Close, Wallsend, 12.5% of residents are recorded as possessing school level qualifications and 23.2% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Stote Close, 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 2, Stote Close, Wallsend, 1.0% 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 2, Stote Close, 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.
