2 Reeth Way

    2, REETH WAY, NEWCASTLE UPON TYNE, NE15 9LB

    This semi-detached freehold property on Reeth Way last sold in December 2022 for £160,000. Based on price growth in the NE15 district since then, its estimated current value is £166,105 — placing it in the 16th percentile nationally and the 49th percentile within NE15. The property covers 65 m² (700 sq ft), giving an estimated value of £2,555 per m². The EPC rating is D, with a potential rating of B.

    Type

    Semi-Detached

    Tenure

    Freehold

    Floor Area

    700 sq ft

    65 m²

    Last Sale Price

    £160,000

    Dec 2022

    Estimated Valuation

    £166,105

    Est. £/sq ft

    £237/sq ft

    £2,555/m²

    Property Details

    TypeSemi-Detached
    TenureFreehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1930-1949
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area700 sq ft (65 m²)
    EPC dateSept 2022
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    20 Dec 2022

    £160,000

    6 Dec 1996

    £55,000

    Key Metrics

    Estimated valuation£166,105
    Value per sq ft / m²£237/sq ft (£2,555/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE15 district percentile49th percentile
    National percentile16th 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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