40 Milburn Drive

    40, MILBURN DRIVE, NEWCASTLE UPON TYNE, NE15 7PG

    This semi-detached leasehold property on Milburn Drive last sold in February 2020 for £120,000. Based on price growth in the NE15 district since then, its estimated current value is £137,544 — placing it in the 10th percentile nationally and the 34th percentile within NE15. The property covers 57 m² (614 sq ft), giving an estimated value of £2,413 per m². The EPC rating is C, with a potential rating of B.

    Type

    Semi-Detached

    Tenure

    Leasehold

    Floor Area

    614 sq ft

    57 m²

    Last Sale Price

    £120,000

    Feb 2020

    Estimated Valuation

    £137,544

    Est. £/sq ft

    £224/sq ft

    £2,413/m²

    Property Details

    TypeSemi-Detached
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1991-1995
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area614 sq ft (57 m²)
    EPC dateJul 2014
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    21 Feb 2020

    £120,000

    27 Apr 2001

    £56,000

    20 Nov 1998

    £46,500

    Key Metrics

    Estimated valuation£137,544
    Value per sq ft / m²£224/sq ft (£2,413/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE15 district percentile34th percentile
    National percentile10th 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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