40 Springbank Road

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

    This terraced leasehold property on Springbank Road last sold in December 2022 for £154,000. Based on price growth in the NE2 district since then, its estimated current value is £152,507 — placing it in the 13th percentile nationally and the 11th percentile within NE2. The property covers 61 m² (657 sq ft), giving an estimated value of £2,500 per m². The EPC rating is D, with a potential rating of C.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    657 sq ft

    61 m²

    Last Sale Price

    £154,000

    Dec 2022

    Estimated Valuation

    £152,507

    Est. £/sq ft

    £232/sq ft

    £2,500/m²

    Property Details

    TypeTerraced
    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 dateApr 2022
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    9 Dec 2022

    £154,000

    24 Jan 2014

    £132,000

    23 Feb 2009

    £88,000

    Key Metrics

    Estimated valuation£152,507
    Value per sq ft / m²£232/sq ft (£2,500/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE2 district percentile11th 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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