1 Reid Park Close

    1, REID PARK CLOSE, NEWCASTLE UPON TYNE, NE2 2EZ

    This detached freehold property on Reid Park Close last sold in March 2015 for £500,000. Based on price growth in the NE2 district since then, its estimated current value is £939,998 — placing it in the 95th percentile nationally and the 95th percentile within NE2. The property covers 184 m² (1,981 sq ft), giving an estimated value of £5,109 per m². The EPC rating is D, with a potential rating of C.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,981 sq ft

    184 m²

    Last Sale Price

    £500,000

    Mar 2015

    Estimated Valuation

    £939,998

    Est. £/sq ft

    £475/sq ft

    £5,109/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms7
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,981 sq ft (184 m²)
    EPC dateNov 2014
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    6 Mar 2015

    £500,000

    Key Metrics

    Estimated valuation£939,998
    Value per sq ft / m²£475/sq ft (£5,109/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE2 district percentile95th percentile
    National percentile95th 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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