# 2 bedroom apartment for sale (NE28 9RJ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 24 BRAY CLOSE, WALLSEND, TYNE AND WEAR NE28 9RJ |
| Price | £80,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | A |
| Construction age | England and Wales: 1967-1975 |
| Floor area | 68 m² |
| Last sold | £87,000 Oct 2025 |

## EPC Rating & Upgrade Cost

- **Current rating:** D
- **Potential rating:** C
- **Expiry date:** 09/08/2030
- **Current heating cost:** £548/year

### Recommendations
- A2 (1,500)
- C (30)
- E (30)
- F (400)
- M (2,500)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/8630-7428-7190-0110-4292)

## Description

** This property is currently marked as "Sale Agreed," and no additional viewings will be conducted. We welcome inquiries from anyone looking to sell their property and interested in obtaining one of our "Gone" boards. Please feel free to contact us. **

** TWO BEDROOM FIRST FLOOR FLAT ** MODERN SHOWER ROOM ** SPACIOUS LANDING **

**COMMUNAL GARDEN ** IDEAL FOR FIRST TIME BUYER **  CLOSE TO LOCAL AMENITIES ** 

** LEASEHOLD 125 YEARS FROM 13.07.1992 ** COUNCIL TAX BAND A   ** ENERGY RATING  D **

**Entrance Lobby** - Cupboard and Stairs to First Floor

**Landing** - Light and airy landing with window and storage cupboards and access to bedrooms, lounge and shower room.

**Lounge** - 4.65 x 3.72 (15'3" x 12'2") - Two double glazed windows, radiator and access to kitchen

**Kitchen** - 3.40 x 1.79 (11'1" x 5'10") - Double Glazed window, storage cupboard, range of wall and floor units with countertops, sink, gas hob with extractor hood, electric oven.  Tiled walls.

**Bedroom 1** - 4.55 2.82  (14'11" 9'3" ) - Double glazed window, radiator.

**Bedroom 2** - 2.73 x 2.07  (8'11" x 6'9" ) - Double glazed window, radiator.

**Shower Room** - 2.78 x 1.86 (9'1" x 6'1") - WC, wash hand basin, walk-in shower.  Ladder style radiator.  Fully Tiled

**External** - Communal Gardens

**Material Information** - BROADBAND AND MOBILE:

At the time of marketing we believe this information is correct, for further information please visit  

Broadband:  Highest available Speeds:  Download: 1000 Mbps  Upload: 100 Mbps

Mobile Indoor: EE - Likely   Three - Likely   02 - Limited    Vodafone - Limited 

Mobile Outdoor:  EE - Likely   Three - Likely   02 - Likley    Vodafone - Likely

We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.

FLOOD RISK:

Yearly chance of flooding:

Rivers and the sea: Very low.

Surface water: Very low.

CONSTRUCTION:

Traditional

This information must be confirmed via our surveyor.

**Leasehold** - Leasehold 125 Years from 13.07.1992.  We have been advised that the Ground Rent is £10 Per Annum and Service Charges are £300 per Annum which includes building insurance and external remedial works.   This must however be confirmed via solicitors.

## Property Photos

- ![Shower Room](/listings/photos/160582052/1396880) - Shower Room
- ![Title Plan.jpg](/listings/photos/160582052/1396883) - Title Plan.jpg
- ![Kitchen](/listings/photos/160582052/1396887) - Kitchen
- ![External](/listings/photos/160582052/1396890) - External
- ![Lounge](/listings/photos/160582052/1396897) - Lounge
- ![Landing](/listings/photos/160582052/1396901) - Landing
- ![Lounge](/listings/photos/160582052/1396904) - Lounge
- ![Kitchen](/listings/photos/160582052/1396911) - Kitchen
- ![Bedroom 1](/listings/photos/160582052/1396918) - Bedroom 1
- ![Bedroom 1](/listings/photos/160582052/1396924) - Bedroom 1
- ![Landing](/listings/photos/160582052/1396929) - Landing
- ![Landing](/listings/photos/160582052/1396932) - Landing
- ![Bedroom 2](/listings/photos/160582052/1396938) - Bedroom 2

## Floorplans

- ![Floor Plan.jpg](/listings/photos/160582052/1396944) - Floor Plan.jpg

## EPC Graphs

- ![EE Rating](/listings/photos/160582052/1396947) - EE Rating

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 24 BRAY CLOSE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9RJ | £87,000 | 17/10/2025 | Flat |
| 24 BRAY CLOSE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9RJ | £79,950 | 06/10/2021 | Flat |
| 24 BRAY CLOSE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9RJ | £53,500 | 19/03/2021 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 11 ALEXANDREA WAY, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9JX | £82,500 | 11/08/2023 | Flat |
| 8 RUSSELL CLOSE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9JY | £85,000 | 07/07/2023 | Flat |
| 60 ALEXANDREA WAY, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9JX | £72,500 | 05/08/2022 | Flat |
| 10 ALEXANDREA WAY, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9JX | £81,000 | 25/07/2022 | Flat |
| 11 RUSSELL CLOSE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9JY | £83,000 | 30/05/2022 | Flat |
| 12 ALEXANDREA WAY, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9JX | £75,000 | 11/02/2022 | Flat |
| 14 RUSSELL CLOSE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9JY | £85,000 | 04/02/2022 | Flat |
| [Same street] 15 BRAY CLOSE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9RJ | £125,000 | 01/12/2021 | Terraced |
| 18 ALEXANDREA WAY, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9JX | £76,500 | 10/08/2021 | Flat |

**Street average:** £125,000 (1 sale)
**Area average:** £80,063 (8 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £82,187 (45 Flat, NE28, 2024–2026)
- **Deviation:** -2.7%

## Rental Range

*ONS Price Index of Private Rents (North Tyneside). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £761/mo
- **Realistic:** £846/mo
- **Optimistic:** £931/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Tyneside (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £549/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Shafto Street, NE28 | £650/mo | 2 | 0.65 miles | OpenRent |
| 2 Bed Flat, Howdon, NE28 | £750/mo | 2 | 0.71 miles | OpenRent |
| 2 Bed Semi-Detached House, Hickstead Close, NE28 | £895/mo | 2 | 0.83 miles | OpenRent |

**Average rent: £765/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 0.94% (okay)
- **Max investor price (0.8%):** £93,750
- **Target investor price (1%):** £75,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £750/mo).*

- **Gross yield:** 11.3%
- **Cost-to-rent:** 8.9×
- **Monthly cashflow:** £335/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 17.3%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £1,176/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 5.3%
- **10y growth:** 37%

## House Price Index (HM Land Registry)

*Official index for North Tyneside; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** -2.7%
- **5y growth (index):** 8.8%
- **10y growth (index):** 26.1%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)