7 Melrose Avenue

    7, MELROSE AVENUE, WHITLEY BAY, NE25 8BA

    This terraced freehold property on Melrose Avenue last sold in July 2017 for £212,000. Based on price growth in the NE25 district since then, its estimated current value is £314,145 — placing it in the 52nd percentile nationally and the 61st percentile within NE25. The property covers 125 m² (1,346 sq ft), giving an estimated value of £2,513 per m². The EPC rating is D, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,346 sq ft

    125 m²

    Last Sale Price

    £212,000

    Jul 2017

    Estimated Valuation

    £314,145

    Est. £/sq ft

    £233/sq ft

    £2,513/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,346 sq ft (125 m²)
    EPC dateOct 2016
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    21 Jul 2017

    £212,000

    Key Metrics

    Estimated valuation£314,145
    Value per sq ft / m²£233/sq ft (£2,513/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE25 district percentile61st 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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