37 Melrose Gardens

    37, MELROSE GARDENS, WALLSEND, NE28 0HW

    This terraced freehold property on Melrose Gardens last sold in October 2023 for £70,000. Based on price growth in the NE28 district since then, its estimated current value is £72,585 — placing it in the 1st percentile nationally and the 9th percentile within NE28. The property covers 82 m² (883 sq ft), giving an estimated value of £885 per m². The EPC rating is E, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    883 sq ft

    82 m²

    Last Sale Price

    £70,000

    Oct 2023

    Estimated Valuation

    £72,585

    Est. £/sq ft

    £82/sq ft

    £885/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms4
    Main fuelelectricity (not community)
    EPC currentE
    EPC potentialB
    Floor area883 sq ft (82 m²)
    EPC dateAug 2023
    WallsCavity wall, filled cavity
    HeatingElectric storage heaters

    Transaction History

    30 Oct 2023

    £70,000

    Key Metrics

    Estimated valuation£72,585
    Value per sq ft / m²£82/sq ft (£885/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE28 district percentile9th percentile
    National percentile1st percentile

    District Context — NE28

    NE28 covers Tynemouth and surrounding areas on the North Tyne coast, northeast of Newcastle. It is a established residential district with a mix of suburban and coastal communities.

    Average Property Price - NE28

    £172,636

    7

    National percentile

    Average Net Household Income - NE28

    £31,921

    13

    National percentile

    10-Year Annualised Price Growth - NE28

    3.3%

    38

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE28

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