55 Springbank Road

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

    This flat/maisonette leasehold property on Springbank Road last sold in January 2016 for £163,000. Based on price growth in the NE2 district since then, its estimated current value is £183,037 — placing it in the 20th percentile nationally and the 22nd percentile within NE2. The property covers 135 m² (1,453 sq ft), giving an estimated value of £1,356 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    1,453 sq ft

    135 m²

    Last Sale Price

    £163,000

    Jan 2016

    Estimated Valuation

    £183,037

    Est. £/sq ft

    £126/sq ft

    £1,356/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: before 1900
    Habitable rooms6
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,453 sq ft (135 m²)
    EPC dateJul 2024
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    15 Jan 2016

    £163,000

    16 Dec 2002

    £120,000

    28 Jul 1997

    £44,950

    Key Metrics

    Estimated valuation£183,037
    Value per sq ft / m²£126/sq ft (£1,356/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE2 district percentile22nd percentile
    National percentile20th 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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