38 Springbank Road

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

    This flat/maisonette leasehold property on Springbank Road last sold in July 2015 for £130,000. Based on price growth in the NE2 district since then, its estimated current value is £150,682 — placing it in the 13th percentile nationally and the 10th percentile within NE2. The property covers 61 m² (657 sq ft), giving an estimated value of £2,470 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    657 sq ft

    61 m²

    Last Sale Price

    £130,000

    Jul 2015

    Estimated Valuation

    £150,682

    Est. £/sq ft

    £229/sq ft

    £2,470/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area657 sq ft (61 m²)
    EPC dateJan 2025
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    1 Jul 2015

    £130,000

    17 Jul 2007

    £130,700

    13 Sept 1999

    New build

    £51,950

    Key Metrics

    Estimated valuation£150,682
    Value per sq ft / m²£229/sq ft (£2,470/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE2 district percentile10th percentile
    National percentile13th 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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