2 Wear Terrace

    2, WEAR TERRACE, WASHINGTON, WASHINGTON, NE38 7AZ

    This terraced leasehold property on Wear Terrace last sold in May 2008 for £71,000. Based on price growth in the NE38 district since then, its estimated current value is £88,077 — placing it in the 2nd percentile nationally and the 12th percentile within NE38. The property covers 63 m² (678 sq ft), giving an estimated value of £1,398 per m². The EPC rating is D, with a potential rating of C.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    63 m²

    (678 sq ft)

    Last Sale Price

    £71,000

    May 2008

    Estimated Valuation

    £88,077

    Est. £/m²

    £1,398/m²

    £130/sq ft

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area63 m² (678 sq ft)
    EPC dateSept 2015
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    15 May 2008

    £71,000

    23 Feb 2007

    £84,000

    12 Dec 2005

    £75,500

    19 Aug 2004

    £63,600

    Key Metrics

    Estimated valuation£88,077
    Value per m² / sq ft£1,398/m² (£130/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE38 district percentile12th percentile
    National percentile2nd percentile

    District Context — NE38

    NE38 covers Jarrow and surrounding areas in South Tyneside, on the south bank of the Tyne east of Gateshead. It is a historically industrial neighbourhood with a strong community character and increasingly popular with families and first-time buyers seeking affordable housing.

    Average Property Price - NE38

    £199,717

    12

    National percentile

    Average Net Household Income - NE38

    £36,616

    41

    National percentile

    10-Year Annualised Price Growth - NE38

    2.0%

    9

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE38

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