29 Wallace Street

    29, WALLACE STREET, NEWCASTLE UPON TYNE, NE2 4AU

    This terraced leasehold property on Wallace Street last sold in May 2011 for £144,000. Based on price growth in the NE2 district since then, its estimated current value is £222,789 — placing it in the 30th percentile nationally and the 37th percentile within NE2. The property covers 54 m² (581 sq ft), giving an estimated value of £4,126 per m². The EPC rating is D, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    581 sq ft

    54 m²

    Last Sale Price

    £144,000

    May 2011

    Estimated Valuation

    £222,789

    Est. £/sq ft

    £383/sq ft

    £4,126/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1983-1990
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area581 sq ft (54 m²)
    EPC dateJul 2019
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    25 May 2011

    £144,000

    1 Jun 2005

    £135,000

    Key Metrics

    Estimated valuation£222,789
    Value per sq ft / m²£383/sq ft (£4,126/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE2 district percentile37th percentile
    National percentile30th 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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