37, Burn Terrace
37, Burn Terrace
Description & Estimates
37, Burn Terrace, Wallsend appears in the public record as a leasehold apartment.
By comparing it to nearby properties, we estimate it to be a period apartment with 771 ft2 of internal area and a garden.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of 37, Burn Terrace, Wallsend is £68,348 and its rental estimate is £573 per month, given the available information and assuming reasonable condition.
Burn Terrace, Wallsend, NE28 falls within the NE28 postal district, in the borough of North Tyneside.
Our Data Sources
37, Burn Terrace, Wallsend has 41 entries in the Land Registry , most recently in September 2007 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.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 37, Burn Terrace, Wallsend, we estimate a market value of £71,765 and a rental value of £602 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £63,563 and £533 per month respectively.
Recent Market Change
Over the last year, 37, Burn Terrace, Wallsend has seen its estimated sale value climb by £7 (0.0%) and its estimated rental value rise by £22 per month (3.8%). This results in an estimated gross rental yield of 10.1%.
Sold Prices
The most recent sale of 37, Burn Terrace, Wallsend completed on 21st September 2007 at £90,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 15.1% over the period since September 2007.
- Sold Sep 2007£90,000
- Sold May 2007£70,000
- Sold Apr 1998£20,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 37, Burn Terrace, Wallsend have sold within a radius of 500 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 29th November 2024, was 60, Stanley Street, Wallsend, NE28 7DD, a leasehold flat which sold for £65,000.
Read more about house prices in NE28.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 47 addresses on Burn Terrace, Wallsend, NE28, 37, Burn Terrace, Wallsend comes out as the 24th largest and the 27th most expensive in our analysis of the public data.
It is also £86k less expensive than the average property across the NE28 district.
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Schools Nearby
- 500mStephenson Memorial Primary School
- 700mDenbigh Community Primary School
- 800mSt Peter's Church of England Primary School
- 1.0kmBurnside College
- 2.3kmNorham High School
- 2.9kmJarrow School
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Public Transport Nearby
From 37, Burn Terrace, Wallsend, the nearest station is Northumberland Park (Tyne & Wear), 4.2 kilometres away.
- 4.2kmNorthumberland Park (Tyne & Wear)
- 5.9kmHeworth
- 6.9kmManors
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
