31 Springbank Road

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

    This terraced freehold property on Springbank Road last sold in August 2024 for £307,000. Based on price growth in the NE2 district since then, its estimated current value is £331,524 — placing it in the 56th percentile nationally and the 59th percentile within NE2. The property covers 139 m² (1,496 sq ft), giving an estimated value of £2,385 per m². The EPC rating is D, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,496 sq ft

    139 m²

    Last Sale Price

    £307,000

    Aug 2024

    Estimated Valuation

    £331,524

    Est. £/sq ft

    £222/sq ft

    £2,385/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,496 sq ft (139 m²)
    EPC dateMay 2024
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    12 Aug 2024

    £307,000

    5 Jul 2021

    £252,500

    29 Apr 2014

    £227,500

    Key Metrics

    Estimated valuation£331,524
    Value per sq ft / m²£222/sq ft (£2,385/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE2 district percentile59th percentile
    National percentile56th 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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