Wallsend

Area Guide For Wallsend

Wallsend, verifiably Wallsend on Tyne, is a zone in North Tyneside, Tyne and Wear, North East of England. Wallsend infers its name as the area of the end of Hadrian's Wall. It has a population of 42,842 and falsehoods 3.5 miles east of Newcastle City.

In Roman times, Wallsend facilitated the stronghold Segedunum. This fortress secured the eastern end of Hadrian's Wall, which ended at the western divider of the fort. Wallsend was possessed by the Romans for around 330 years from A.D. 81 to A.D. 410.

 
 

Wallsend Map

Estimated Price: £114,022
Average Asking Price: £114,916
Price change in last one year: £2,886
Average Price Paid: £108,274
Average Rent Rates: £548

 
 

Property Prices Breakdown in Wallsend

Average Price for property in Wallsend is around £114,022 which varies based on type of property you are interested in and ranges from £200,729 for detached house to around £127,166 for semi-detached. Similarly terraced house is around £107,813 and a flat is worth £74,684. Values have been changing and have risen £825 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,255 in last 6 months, £2,886 in last 1 year, £6,442 in last 2 years, £9,702 in last 3 years, £4,552 in last 4 years and £5,123 in last 5 years.

Currently average asking price of a property in Wallsend is around £114,916 based on approximately 425 properties for sale. Same is the case with rental options based on 78 properties up for rent, average asking rent is around £548 per month.

Estimated property value in Wallsend is £114,022. Average asking price is £114,916 while average price paid is £106,901 which is up by £2,886 and Avg. asking rent £548.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Wallsend area. In last 1 year alone average price buyer paid is around £106,901 based on approximately 425 sales in Wallsend area alone. If you compare it to last 3 years sales of 1,473 properties where buyers paid around £109,504. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £108,274 for 2,387 and average amount paid for purchase of approx. 3,324 properties sold in last 7 years comes to about £107,944 per sale.

 
 

Properties For Sale in Wallsend

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £57,500, £100,179 for a 2 bedroom house, £139,555 for a 3 bedroom house, £205,192 for a 4 bedroom house and £274,950 for a 5 bedroom house. For a flat similarly the prices varies from £58,770 for a single bedroom to £73,289 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £72,232, £69,950 for a 4 bedroom flat and £77,475 for a 5 bedroom flat. To sum up the asking prices for properties in Wallsend it comes to around average £58,589 for 1 bedroom property, £82,443 for 2 bedroom, £133,058 for 3 bedroom, £200,529 for 4 bedroom and £195,960 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £430 for 1 bedroom to £525 for 2 bedroom, £605 for 3 bedroom and £650 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £381. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £441, £439 for 3 bedroom and £576 for 5 bedroom. You should be generally be expecting around average £406 rent per month for single bedroom property, £451 for 2 bedroom, £559 for 3 bedroom, £650 for 4 bedroom and approximately £576 for a 5 bedroom property in Wallsend area.

Popular Houses in Wallsend

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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