40 Welwyn Close, Wallsend, NE28 8TE is a leasehold flat built between 1967-1975. The property offers approximately 474 square feet of living space. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £64,927 , which equates to approximately £137 per square foot. It was last sold on 18 Apr 2018 for £53,500. Since then, the value has increased by £11,427, representing a 21.4% increase, or approximately 2.8% per year.

The current estimated value of £64,927 is:

  • 53.8% lower than the average property price on Welwyn Close
  • 58.2% lower than the average in the NE28 8TE postcode area
  • and 62.9% lower than the average price for Wallsend as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 4 July 2024, the property was recorded as rented.

View sold house prices in NE28 8TE

Building approximate location

About Property

Type
Flat
Built
1967-1975
Interior Size
474 sq ft
Tenure
Leasehold
Price (estimate)
£64,927
Price Per sq ft (estimate)
£137
Bedroom Count (estimate)
1 bedroom

EPC Summary

40 Welwyn Close, Wallsend, North Tyneside, Tyne And Wear, NE28 8TE has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 4 Jul 2024.

This property uses electric storage heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 27 Apr 2009, when the property was rated E. Since then, the rating has improved to D, with the energy efficiency score increasing by 17.3%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from poor to average, while the heating system type remained the same (electric storage heaters).
  • The wall construction or insulation changed from cavity wall, as built, no insulation (assumed) to cavity wall, filled cavity, improving energy efficiency from poor to average.
  • The lighting was updated from low energy lighting in 30% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from average to very good.
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Average
Walls
Cavity wall, filled cavity
Average
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE28 8TE

42 nd / 57
Price Rank
58% lower than average
31 st / 45
Size Rank
21% smaller than average
32 nd / 45
Price Per Sq FT Rank
47% lower than average

Compared to other properties in NE28 8TE , this flat's estimated value ranks 42th out of 57. Based on price per square foot, it ranks 32th out of 45 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 31th out of 45 properties in its postcode area.

Sale History

Today
£64,927
streetscan.co.uk estimate
+21 %
18 Apr 2018
£53,500
Leasehold
-7.8 %
6 May 2016
£58,000
Leasehold
-9.4 %
10 Jul 2009
£64,000
Leasehold
-3.8 %
8 Dec 2004
£66,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 420 sq ft
sale price: £92,000
sale date: 2 Sep 2024
rooms: 2
size: 409 sq ft
sale price: £52,500
sale date: 7 Aug 2018
rooms: 2
size: 409 sq ft
sale price: £62,500
sale date: 30 Jun 2017
rooms: 2
size: 420 sq ft
sale price: £57,500
sale date: 4 Jan 2016
rooms: 3
size: 535 sq ft
sale price: £92,500
sale date: 10 Nov 2006

Data Sources

The property at 40 Welwyn Close, Wallsend, NE28 8TE appears four times in the Land Registry records, with the latest transaction recorded on 18 Apr 2018. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 4 Jul 2024. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.