31 Wallace Street

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

    This terraced leasehold property on Wallace Street last sold in October 2001 for £68,000. Based on price growth in the NE2 district since then, its estimated current value is £204,502 — placing it in the 26th percentile nationally and the 30th percentile within NE2. The property covers 59 m² (635 sq ft), giving an estimated value of £3,466 per m². The EPC rating is B, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    635 sq ft

    59 m²

    Last Sale Price

    £68,000

    Oct 2001

    Estimated Valuation

    £204,502

    Est. £/sq ft

    £322/sq ft

    £3,466/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1983-1990
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentB
    EPC potentialB
    Floor area635 sq ft (59 m²)
    EPC dateMar 2023
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    15 Oct 2001

    £68,000

    Key Metrics

    Estimated valuation£204,502
    Value per sq ft / m²£322/sq ft (£3,466/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE2 district percentile30th percentile
    National percentile26th 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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