The Penthouse 5 Backworth Lane

    THE PENTHOUSE 5, BACKWORTH LANE, BACKWORTH, NEWCASTLE UPON TYNE, NE27 0FX

    This flat/maisonette leasehold property on Backworth Lane last sold in May 2016 for £185,000. Based on price growth in the NE27 district since then, its estimated current value is £200,583 — placing it in the 25th percentile nationally and the 39th percentile within NE27. The property covers 137 m² (1,475 sq ft), giving an estimated value of £1,464 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    1,475 sq ft

    137 m²

    Last Sale Price

    £185,000

    May 2016

    Estimated Valuation

    £200,583

    Est. £/sq ft

    £136/sq ft

    £1,464/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: 2012 onwards
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentB
    EPC potentialB
    Floor area1,475 sq ft (137 m²)
    EPC dateFeb 2016
    WallsTimber frame, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    18 May 2016

    New build

    £185,000

    Key Metrics

    Estimated valuation£200,583
    Value per sq ft / m²£136/sq ft (£1,464/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE27 district percentile39th percentile
    National percentile25th percentile

    District Context — NE27

    NE27 covers Whitley Bay and surrounding neighbourhoods in North Tyneside, on the north-east coast. It is a residential coastal community with strong family appeal and established suburban character.

    Average Property Price - NE27

    £239,735

    25

    National percentile

    Average Net Household Income - NE27

    £38,646

    52

    National percentile

    10-Year Annualised Price Growth - NE27

    4.4%

    77

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE27

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