7, Park Avenue
7, Park Avenue
Description & Estimates
7, Park Avenue, Wallsend is recorded publicly as a period leasehold apartment across 1,054 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 7, Park Avenue, Wallsend is £142,828 and its rental estimate is £932 per month, given the available information and assuming reasonable condition.
Park Avenue, Wallsend, NE28 falls within the NE28 postal district, in the borough of North Tyneside.
Our Data Sources
7, Park Avenue, Wallsend has 2 entries in the Land Registry , most recently in January 2017 and a single entry in the EPC database dated April 2012.
We combine this information with that 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 7, Park Avenue, Wallsend, we estimate a market value of £149,969 and a rental value of £978 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £132,830 and £866 per month respectively.
Recent Market Change
Over the last year, 7, Park Avenue, Wallsend has seen its estimated sale value climb by £14 (0.0%) and its estimated rental value rise by £35 per month (3.8%). This results in an estimated gross rental yield of 7.8%.
Energy Efficiency
7, Park Avenue, Wallsend has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 13 Apr 2012.
The property is not connected to mains gas and has mostly double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 7, Park Avenue, Wallsend completed on 13th January 2017 at £135,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 1.8% over the period since January 2017.
- Sold Jan 2017£135,000
- Sold Aug 2012£82,500
Similar Properties Sold Nearby
Over the past 2 years 2 properties similar to 7, Park Avenue, Wallsend have sold within a radius of 500 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th September 2024, was 2, The Grange, Wallsend, NE28 7NQ, a leasehold flat which sold for £175,000.
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 17 addresses on Park Avenue, Wallsend, NE28, 7, Park Avenue, Wallsend comes out as the 13th largest and the 13th most expensive in our analysis of the public data.
It is also £11k less expensive than the average property across the NE28 district.
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Schools Nearby
- 200mSt Columba's Catholic Primary School, Wallsend
- 500mWestern Community Primary School
- 900mRichardson Dees Primary School
- 1.1kmBurnside College
- 1.5kmBenfield School
- 1.7kmWalker Riverside Academy
More reading links
Public Transport Nearby
From 7, Park Avenue, Wallsend, the nearest station is Northumberland Park (Tyne & Wear), 4.3 kilometres away.
- 4.3kmNorthumberland Park (Tyne & Wear)
- 5.0kmManors
- 5.0kmHeworth
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.
