57 Springbank Road

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

    This flat/maisonette leasehold property on Springbank Road last sold in June 2021 for £165,000. Based on price growth in the NE2 district since then, its estimated current value is £176,571 — placing it in the 19th percentile nationally and the 19th percentile within NE2. The property covers 60 m² (646 sq ft), giving an estimated value of £2,943 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    646 sq ft

    60 m²

    Last Sale Price

    £165,000

    Jun 2021

    Estimated Valuation

    £176,571

    Est. £/sq ft

    £273/sq ft

    £2,943/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area646 sq ft (60 m²)
    EPC dateJul 2018
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    14 Jun 2021

    £165,000

    28 Feb 2019

    £120,000

    21 Jul 1997

    £40,250

    Key Metrics

    Estimated valuation£176,571
    Value per sq ft / m²£273/sq ft (£2,943/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE2 district percentile19th percentile
    National percentile19th 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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