3 Melrose

    3, MELROSE, WASHINGTON, NE38 7HD

    This detached freehold property on Melrose last sold in December 2023 for £266,000. Based on price growth in the NE38 district since then, its estimated current value is £240,626 — placing it in the 35th percentile nationally and the 73rd percentile within NE38. The property covers 124 m² (1,335 sq ft), giving an estimated value of £1,941 per m². The EPC rating is C, with a potential rating of B.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    124 m²

    (1,335 sq ft)

    Last Sale Price

    £266,000

    Dec 2023

    Estimated Valuation

    £240,626

    Est. £/m²

    £1,941/m²

    £180/sq ft

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1976-1982
    Habitable rooms7
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area124 m² (1,335 sq ft)
    EPC dateJun 2023
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    14 Dec 2023

    £266,000

    28 Aug 2009

    £210,000

    6 Sept 2002

    £140,000

    Key Metrics

    Estimated valuation£240,626
    Value per m² / sq ft£1,941/m² (£180/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE38 district percentile73rd percentile
    National percentile35th 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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