2 Orchard Place

    2, ORCHARD PLACE, NEWCASTLE UPON TYNE, NE2 2DE

    This flat/maisonette leasehold property on Orchard Place last sold in September 2023 for £161,000. Based on price growth in the NE2 district since then, its estimated current value is £161,551 — placing it in the 15th percentile nationally and the 14th percentile within NE2. The property covers 51 m² (549 sq ft), giving an estimated value of £3,168 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    549 sq ft

    51 m²

    Last Sale Price

    £161,000

    Sept 2023

    Estimated Valuation

    £161,551

    Est. £/sq ft

    £294/sq ft

    £3,168/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialC
    Floor area549 sq ft (51 m²)
    EPC dateNov 2023
    WallsCavity wall, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    20 Sept 2023

    £161,000

    14 May 2020

    £150,000

    28 Apr 2006

    £142,000

    21 Dec 1999

    £57,500

    Key Metrics

    Estimated valuation£161,551
    Value per sq ft / m²£294/sq ft (£3,168/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE2 district percentile14th percentile
    National percentile15th 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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