4 Melrose Avenue

    4, MELROSE AVENUE, WHITLEY BAY, NE25 8BA

    This terraced freehold property on Melrose Avenue last sold in September 2015 for £195,000. Based on price growth in the NE25 district since then, its estimated current value is £310,738 — placing it in the 52nd percentile nationally and the 60th percentile within NE25. The property covers 111 m² (1,195 sq ft), giving an estimated value of £2,799 per m². The EPC rating is E, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,195 sq ft

    111 m²

    Last Sale Price

    £195,000

    Sept 2015

    Estimated Valuation

    £310,738

    Est. £/sq ft

    £260/sq ft

    £2,799/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1930-1949
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialC
    Floor area1,195 sq ft (111 m²)
    EPC dateMay 2015
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    18 Sept 2015

    £195,000

    Key Metrics

    Estimated valuation£310,738
    Value per sq ft / m²£260/sq ft (£2,799/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE25 district percentile60th percentile
    National percentile52nd 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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