40, Elgin Avenue
40, Elgin Avenue
Description & Estimates
40, Elgin Avenue, Wallsend is described in the public record as a modern house with 495 ft2 of internal area, sitting on a 201 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 40, Elgin Avenue, Wallsend is £125,307 and its rental estimate is £811 per month, given the available information and assuming reasonable condition.
Elgin Avenue, Wallsend, NE28 falls within the NE28 postal district, in the borough of North Tyneside.
Our Data Sources
40, Elgin Avenue, Wallsend has no recent1 records in the the Land Registry and a single entry in the EPC database dated March 2021.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 40, Elgin Avenue, Wallsend, we estimate a market value of £131,573 and a rental value of £851 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £116,536 and £754 per month respectively.
Recent Market Change
Over the last year, 40, Elgin Avenue, Wallsend has seen its estimated sale value move up by £332 (0.3%) and its estimated rental value increase by £32 per month (4.0%). This results in an estimated gross rental yield of 7.8%.
Plot Size
HM Land Registry records the plot of land for 40, Elgin Avenue, Wallsend as measuring 201 m2.
That makes it the 9th largest plot in the postcode, where 15 of the 20 other houses have recorded plot data.
Energy Efficiency
40, Elgin Avenue, Wallsend has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 Mar 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 40, Elgin Avenue, Wallsend completed on 9th April 2003 at £75,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
- Sold Apr 2003£75,000
- Sold Oct 1999£39,950
- Sold Mar 1998£39,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 40, Elgin Avenue, Wallsend have sold within a radius of 460 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th December 2021, was 33, Windsor Drive, Wallsend, NE28 0PL, a freehold house which sold for £138,000.
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 53 addresses on Elgin Avenue, Wallsend, NE28, 40, Elgin Avenue, Wallsend comes out as the 53rd largest and the 52nd most expensive in our analysis of the public data.
It is also £29k less expensive than the average property across the NE28 district.
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Schools Nearby
- 300mSt Aidan's Catholic Primary School, Wallsend
- 500mDenbigh Community Primary School
- 800mStephenson Memorial Primary School
- 1.4kmBurnside College
- 2.0kmNorham High School
- 2.4kmSt Thomas More Catholic High School
More reading links
Public Transport Nearby
From 40, Elgin Avenue, Wallsend, the nearest station is Northumberland Park (Tyne & Wear), 3.6 kilometres away.
- 3.6kmNorthumberland Park (Tyne & Wear)
- 6.6kmHeworth
- 7.3kmManors
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
