48, Burn Terrace
48, Burn Terrace
Description & Estimates
48, Burn Terrace, Wallsend is recorded publicly as a period leasehold apartment across 731 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 48, Burn Terrace, Wallsend is £67,015 and its rental estimate is £563 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
48, Burn Terrace, Wallsend has 41 entries in the Land Registry , most recently in September 2020 and a single entry in the EPC database dated July 2020.
We combine this information with that of neighbouring properties to estimate the property 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 48, Burn Terrace, Wallsend, we estimate a market value of £70,366 and a rental value of £591 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £62,324 and £524 per month respectively.
Recent Market Change
Over the last year, 48, Burn Terrace, Wallsend has seen its estimated sale value move up by £7 (0.0%) and its estimated rental value increase by £21 per month (3.8%). This results in an estimated gross rental yield of 10.1%.
Energy Efficiency
48, Burn Terrace, Wallsend has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Jul 2020.
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 48, Burn Terrace, Wallsend completed on 25th September 2020 at £45,000 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 34.2% over the period since September 2020.
- Sold Sep 2020£45,000
- Sold Mar 2013£36,000
- Sold May 2001£11,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 48, Burn Terrace, Wallsend have sold within a radius of 490 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 8th August 2022, was 12, Stanley Street, Wallsend, NE28 7DD, a leasehold flat which sold for £39,950.
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, 48, Burn Terrace, Wallsend comes out as the 34th largest and the 36th most expensive in our analysis of the public data.
It is also £87k 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 48, 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.
