16 Springbank Road

    16, SPRINGBANK ROAD, NEWCASTLE UPON TYNE, NE2 1PD

    This terraced freehold property on Springbank Road last sold in November 2014 for £196,000. Based on price growth in the NE2 district since then, its estimated current value is £283,845 — placing it in the 46th percentile nationally and the 51st percentile within NE2. The property covers 119 m² (1,281 sq ft), giving an estimated value of £2,385 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,281 sq ft

    119 m²

    Last Sale Price

    £196,000

    Nov 2014

    Estimated Valuation

    £283,845

    Est. £/sq ft

    £222/sq ft

    £2,385/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: before 1900
    Habitable rooms6
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area1,281 sq ft (119 m²)
    EPC dateJun 2019
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    10 Nov 2014

    £196,000

    7 Mar 2002

    £106,000

    28 Feb 1997

    £50,000

    Key Metrics

    Estimated valuation£283,845
    Value per sq ft / m²£222/sq ft (£2,385/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE2 district percentile51st percentile
    National percentile46th percentile

    District Context — NE2

    NE2 covers central Newcastle upon Tyne, including the city centre and surrounding urban neighbourhoods. It is characterised by a young, student-dominated population within a vibrant urban setting with strong rental demand.

    Average Property Price - NE2

    £361,932

    59

    National percentile

    Average Net Household Income - NE2

    £28,827

    6

    National percentile

    10-Year Annualised Price Growth - NE2

    2.6%

    18

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE2

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