28 Melrose Avenue

    28, MELROSE AVENUE, WHITLEY BAY, NE25 8BA

    This terraced freehold property on Melrose Avenue last sold in November 2016 for £250,000. Based on price growth in the NE25 district since then, its estimated current value is £393,283 — placing it in the 66th percentile nationally and the 79th percentile within NE25. The property covers 123 m² (1,324 sq ft), giving an estimated value of £3,197 per m². The EPC rating is E, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,324 sq ft

    123 m²

    Last Sale Price

    £250,000

    Nov 2016

    Estimated Valuation

    £393,283

    Est. £/sq ft

    £297/sq ft

    £3,197/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms6
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialC
    Floor area1,324 sq ft (123 m²)
    EPC dateJun 2016
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    11 Nov 2016

    £250,000

    13 Aug 2013

    £227,000

    10 Jan 2005

    £220,000

    Key Metrics

    Estimated valuation£393,283
    Value per sq ft / m²£297/sq ft (£3,197/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE25 district percentile79th percentile
    National percentile66th percentile

    District Context — NE25

    NE25 covers parts of North Tyneside, including areas around Whitley Bay and the surrounding coastal and suburban neighbourhoods in the north-east of the region. It is a mature, owner-occupied community with a notably older demographic profile and strong professional employment base.

    Average Property Price - NE25

    £288,988

    39

    National percentile

    Average Net Household Income - NE25

    £39,026

    54

    National percentile

    10-Year Annualised Price Growth - NE25

    3.6%

    53

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE25

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