2 Derwent Street

    2, DERWENT STREET, NEWCASTLE UPON TYNE, NE15 6NT

    This terraced freehold property on Derwent Street last sold in May 2023 for £75,000. Based on price growth in the NE15 district since then, its estimated current value is £81,667 — placing it in the 2nd percentile nationally and the 9th percentile within NE15. The property covers 64 m² (689 sq ft), giving an estimated value of £1,276 per m². The EPC rating is D, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    689 sq ft

    64 m²

    Last Sale Price

    £75,000

    May 2023

    Estimated Valuation

    £81,667

    Est. £/sq ft

    £119/sq ft

    £1,276/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area689 sq ft (64 m²)
    EPC dateNov 2021
    WallsSolid brick, with internal insulation
    HeatingBoiler and radiators, mains gas

    Transaction History

    9 May 2023

    £75,000

    27 May 2005

    £48,500

    4 Apr 2003

    £27,000

    6 Nov 2002

    £20,000

    Key Metrics

    Estimated valuation£81,667
    Value per sq ft / m²£119/sq ft (£1,276/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE15 district percentile9th percentile
    National percentile2nd percentile

    District Context — NE15

    NE15 covers Prudhoe, Ryton, and surrounding communities in Tyne and Wear, situated west of Gateshead along the River Tyne. It is a mixed residential area with strong community roots and reasonable access to regional employment centres.

    Average Property Price - NE15

    £195,588

    11

    National percentile

    Average Net Household Income - NE15

    £33,771

    24

    National percentile

    10-Year Annualised Price Growth - NE15

    3.7%

    54

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE15

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