24 Springbank Road

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

    This terraced freehold property on Springbank Road last sold in July 2016 for £181,500. Based on price growth in the NE2 district since then, its estimated current value is £226,256 — placing it in the 31st percentile nationally and the 38th percentile within NE2. The property covers 100 m² (1,076 sq ft), giving an estimated value of £2,263 per m². The EPC rating is E, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,076 sq ft

    100 m²

    Last Sale Price

    £181,500

    Jul 2016

    Estimated Valuation

    £226,256

    Est. £/sq ft

    £210/sq ft

    £2,263/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialC
    Floor area1,076 sq ft (100 m²)
    EPC dateAug 2014
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    29 Jul 2016

    £181,500

    20 Feb 2006

    £169,000

    Key Metrics

    Estimated valuation£226,256
    Value per sq ft / m²£210/sq ft (£2,263/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE2 district percentile38th percentile
    National percentile31st 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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