42 Springbank Road

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

    This flat/maisonette freehold property on Springbank Road last sold in January 2014 for £132,000. Based on price growth in the NE2 district since then, its estimated current value is £172,697 — placing it in the 18th percentile nationally and the 18th percentile within NE2. The property covers 106 m² (1,141 sq ft), giving an estimated value of £1,629 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Freehold

    Floor Area

    1,141 sq ft

    106 m²

    Last Sale Price

    £132,000

    Jan 2014

    Estimated Valuation

    £172,697

    Est. £/sq ft

    £151/sq ft

    £1,629/m²

    Property Details

    TypeFlat/Maisonette
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms8
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,141 sq ft (106 m²)
    EPC dateApr 2018
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    24 Jan 2014

    £132,000

    5 Oct 2007

    £180,000

    9 Mar 2007

    £144,000

    Key Metrics

    Estimated valuation£172,697
    Value per sq ft / m²£151/sq ft (£1,629/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE2 district percentile18th percentile
    National percentile18th 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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