48 Towers Avenue

    48, TOWERS AVENUE, NEWCASTLE UPON TYNE, NE2 3QE

    This detached freehold property on Towers Avenue last sold in May 2016 for £670,000. Based on price growth in the NE2 district since then, its estimated current value is £1,021,695 — placing it in the 96th percentile nationally and the 96th percentile within NE2. The property covers 165 m² (1,776 sq ft), giving an estimated value of £6,192 per m². The EPC rating is D, with a potential rating of C.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,776 sq ft

    165 m²

    Last Sale Price

    £670,000

    May 2016

    Estimated Valuation

    £1,021,695

    Est. £/sq ft

    £575/sq ft

    £6,192/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms9
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,776 sq ft (165 m²)
    EPC dateDec 2015
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    27 May 2016

    £670,000

    Key Metrics

    Estimated valuation£1,021,695
    Value per sq ft / m²£575/sq ft (£6,192/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE2 district percentile96th percentile
    National percentile96th 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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