Sold STC Flat

23 CHEADLE AVENUE

WALLSEND, TYNE AND WEAR NE28 9QR

2 beds 1 baths 614 sq ft Listed 19 Nov 2024 (-550d)

£115,000

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# 2 bedroom flat for sale (NE28 9QR)

## Property Details

| Key | Value |
|-----|-------|
| Address | 23 CHEADLE AVENUE, WALLSEND, TYNE AND WEAR NE28 9QR |
| Price | £115,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | A |
| Construction age | England and Wales: 1976-1982 |
| Floor area | 57 m² |
| Last sold | £120,000 Mar 2025 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Current heating cost:** £804/year
- **Est. upgrade cost to C:** £1,000

### Recommendations
- W1 (£800 - £1,200)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0075-0204-0504-2405-7904)

## Description

Nestled in a peaceful cul-de-sac within the highly sought-after Hadrian Park Estate, the property boasts a bright lounge filled with natural light, a modern kitchen, a stunning shower room, and two well-proportioned bedrooms.

Externally, the home benefits from a private rear garden, providing a perfect outdoor space to relax or entertain.

This wonderful property is ready to move into and conveniently located close to local amenities, schools, and transport links, making it a fantastic opportunity.

EPC Grade C

**IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:**

We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

WSD240591/2

## Property Photos

- ![External](/listings/photos/155147735/411838) - External
- ![Lounge](/listings/photos/155147735/411839) - Lounge
- ![Kitchen](/listings/photos/155147735/411840) - Kitchen
- ![Lounge](/listings/photos/155147735/411841) - Lounge
- ![Lounge](/listings/photos/155147735/411842) - Lounge
- ![Garden](/listings/photos/155147735/411843) - Garden
- ![Shower Room](/listings/photos/155147735/411844) - Shower Room
- ![Bedroom One](/listings/photos/155147735/411845) - Bedroom One
- ![Bedroom One](/listings/photos/155147735/411846) - Bedroom One
- ![Bedroom Two](/listings/photos/155147735/411847) - Bedroom Two
- ![Hallway](/listings/photos/155147735/411848) - Hallway
- ![Shower Room](/listings/photos/155147735/411849) - Shower Room

## Floorplans

- ![Floorplan](/listings/photos/155147735/411850) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/155147735/411851) - EPC Rating Graph

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 23 CHEADLE AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QR | £120,000 | 31/03/2025 | 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 |
|---------|-------|------|------|
| 18 AUGUSTA COURT, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QZ | £100,000 | 20/11/2025 | Flat |
| 33 AUGUSTA COURT, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QZ | £96,750 | 19/07/2023 | Flat |
| 64 CHEADLE AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QT | £103,105 | 27/06/2023 | Flat |
| 19 ASHBURN ROAD, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9UJ | £109,950 | 20/04/2023 | Flat |
| 53 BELLSHILL CLOSE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9XB | £76,000 | 20/01/2023 | Flat |
| 43 CANTERBURY AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QF | £92,000 | 16/12/2022 | Flat |
| 48 CHEADLE AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QS | £96,000 | 01/07/2022 | Flat |
| 44 CHEADLE AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QS | £90,000 | 07/06/2022 | Flat |
| 57 CHEADLE AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QS | £89,950 | 28/02/2022 | Flat |
| 65 BELLSHILL CLOSE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9XD | £60,000 | 28/02/2022 | Flat |
| 13 CATTON PLACE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9UG | £88,000 | 28/02/2022 | Flat |
| 75 BELLSHILL CLOSE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9XD | £67,000 | 18/02/2022 | Flat |
| 28 AUGUSTA COURT, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QZ | £95,000 | 27/09/2021 | Flat |
| 63 CHEADLE AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QT | £88,000 | 25/06/2021 | Flat |
| 42 CANTERBURY AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QF | £84,000 | 04/06/2021 | Flat |
| 15 ASHBURN ROAD, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9UJ | £82,000 | 04/06/2021 | Flat |
| 31 CATTON PLACE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9UG | £92,000 | 28/05/2021 | Flat |

**Area average:** £88,809 (17 sales)

## Price vs local average

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

- **Local average:** £80,269 (37 Flat, NE28, 2024–2026)
- **Deviation:** +43.3%

## Rental Range

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

- **Low:** £751/mo
- **Realistic:** £834/mo
- **Optimistic:** £917/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 Semi-Detached House, O'hanlon Crescent, NE28 | £850/mo | 2 | 1.21 miles | OpenRent |

**Average rent: £850/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.74% (weak for cashflow)
- **Max investor price (0.8%):** £106,250
- **Target investor price (1%):** £85,000

*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 £850/mo).*

- **Gross yield:** 8.9%
- **Cost-to-rent:** 11.3×
- **Monthly cashflow:** £287/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 10.3%

*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:** £2,018/m²

## Capital growth trend

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

- **5y growth:** -1.4%
- **10y growth:** 26.3%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** -2%
- **5y growth (index):** 12.7%
- **10y growth (index):** 28.3%

## 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)

External Lounge Kitchen Lounge Lounge Garden Shower Room Bedroom One Bedroom One Bedroom Two Hallway Shower Room

/ 12

Property details

Tenure

LEASEHOLD (938 years remaining on lease)

Floor area

57 m²

Council tax band

EPC rating

Year built

England and Wales: 1976-1982

Last sold

£120,000 Mar 2025

Price per m²

£2,018/m²

Local average

£80,269 (+43.3%)

Deprivation

Decile 7 (22,318 of 33,755)

Street crime

172 incidents within 1 mile (Mar 2026)

Key features

Two bedroom ground floor flat
Refurbished throughout
Beautifully presented
No chain
Total floor area 57 square metres
EPC Grade C
Council Tax Band A, North Tyneside Council

Additional details

Garden: Yes

Description

This fully refurbished and beautifully presented two-bedroom ground floor flat is a true testament to the care and attention of its current owner. Offered to the market with no onward chain, this home is ideal for first-time buyers, downsizers, or investors. Early viewings are highly recommended to avoid disappointment.

Nestled in a peaceful cul-de-sac within the highly sought-after Hadrian Park Estate, the property boasts a bright lounge filled with natural light, a modern kitchen, a stunning shower room, and two well-proportioned bedrooms.

Externally, the home benefits from a private rear garden, providing a perfect outdoor space to relax or entertain.

This wonderful property is ready to move into and conveniently located close to local amenities, schools, and transport links, making it a fantastic opportunity.

EPC Grade C

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

WSD240591/2

Listed by

Wallsend

Chris Stonock - LSL Franchise

Reference: 155147735

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 04/03/2024

Current heating cost: £804/year

Potential heating cost: £676/year

Est. upgrade cost to C: £1,000

Recommendations

Floor insulation (suspended floor) (£800 - £1,200)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

EPC Graphs

EPC Rating Graph

Price history

Event	Date	Price	% change
Sold	31/03/2025 (1 year ago)	£120,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
18 AUGUSTA COURT, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QZ	£100,000	20/11/2025	Flat
33 AUGUSTA COURT, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QZ	£96,750	19/07/2023	Flat
64 CHEADLE AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QT	£103,105	27/06/2023	Flat
19 ASHBURN ROAD, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9UJ	£109,950	20/04/2023	Flat
53 BELLSHILL CLOSE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9XB	£76,000	20/01/2023	Flat
43 CANTERBURY AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QF	£92,000	16/12/2022	Flat
48 CHEADLE AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QS	£96,000	01/07/2022	Flat
44 CHEADLE AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QS	£90,000	07/06/2022	Flat
57 CHEADLE AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QS	£89,950	28/02/2022	Flat
65 BELLSHILL CLOSE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9XD	£60,000	28/02/2022	Flat
13 CATTON PLACE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9UG	£88,000	28/02/2022	Flat
75 BELLSHILL CLOSE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9XD	£67,000	18/02/2022	Flat
28 AUGUSTA COURT, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QZ	£95,000	27/09/2021	Flat
63 CHEADLE AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QT	£88,000	25/06/2021	Flat
42 CANTERBURY AVENUE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9QF	£84,000	04/06/2021	Flat
15 ASHBURN ROAD, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9UJ	£82,000	04/06/2021	Flat
31 CATTON PLACE, WALLSEND, NORTH TYNESIDE, TYNE AND WEAR, NE28 9UG	£92,000	28/05/2021	Flat

Area average: £88,809 (17 sales)

Capital growth trend

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

5y growth -1.4%

10y growth 26.3%

House Price Index (HM Land Registry — official index, not sold-price averages): North Tyneside. Series: Flats and maisonettes. As of February 2026.

1y (index) -2%

5y (index) 12.7%

10y (index) 28.3%

Rental Range

Estimated market rent for North Tyneside. Low = conservative, Realistic = average, Optimistic = best case.

Low £751/mo

Realistic £834/mo

Optimistic £917/mo

Based on Local Authority from postcode lookup → North Tyneside.

LHA (30th percentile) floor for Tyneside: £549/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View NE28 9QR

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	Addington Drive - Avon Close - W/B	0.1 miles
Bus stop	Addington Drive	0.1 miles
Shop	Hadrian News	0.3 miles
Shop	Lifestyle Express	0.3 miles
Train station	Middle Engine Lane	0.8 miles
Hospital	Cobalt Treatment Centre	1.1 miles
Train station	Palmersville	1.3 miles
Hospital	Sir GB Hunter Memorial Hospital	1.3 miles
University	Northumbria University Coach Lane Campus	2.3 miles
University	Unknown	2.4 miles

Street-level crime

Category	Count
Violence and sexual offences	52
Anti-social behaviour	34
Shoplifting	27
Criminal damage and arson	23
Burglary	14
Public order	7
Other crime	4
Vehicle crime	4
Other theft	2
Possession of weapons	2
Theft from the person	2
Drugs	1
Total incidents	172

Within 1 mile during Mar 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Hadrian Park Primary School	Primary	0.2 miles	Good — 28 Dec 2017
Battle Hill Primary School	Primary	0.3 miles	Good — 28 May 2013
Churchill Community College	Secondary	0.6 miles	Inadequate — 26 Mar 2024
St Aidan's Catholic Primary School, Wallsend	Primary	0.7 miles	Good — 2 Oct 2014
Silverdale School	Other	0.8 miles	Good — 4 Dec 2017

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 Semi-Detached House, O'hanlon Crescent, NE28	£850/mo	2	1.21 miles	OpenRent

Average rent: £850/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.74%

Max investor price (0.8%) £106,250

Target investor price (1%) £85,000

Gross yield 8.9%

Cost-to-rent ratio 11.3×

Monthly cashflow £287/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 10.3%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus 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).