2 Spence Terrace

    2, SPENCE TERRACE, NORTH SHIELDS, NE29 0JD

    This flat/maisonette leasehold property on Spence Terrace last sold in April 2016 for £58,500. Based on price growth in the NE29 district since then, its estimated current value is £91,246 — placing it in the 3rd percentile nationally and the 10th percentile within NE29. The property covers 60 m² (646 sq ft), giving an estimated value of £1,521 per m². The EPC rating is D, with a potential rating of D.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    646 sq ft

    60 m²

    Last Sale Price

    £58,500

    Apr 2016

    Estimated Valuation

    £91,246

    Est. £/sq ft

    £141/sq ft

    £1,521/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialD
    Floor area646 sq ft (60 m²)
    EPC dateOct 2022
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    22 Apr 2016

    £58,500

    Key Metrics

    Estimated valuation£91,246
    Value per sq ft / m²£141/sq ft (£1,521/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE29 district percentile10th percentile
    National percentile3rd percentile

    District Context — NE29

    NE29 covers Whitley Bay and surrounding areas on the North Tyneside coast, north of Newcastle. It is a residential seaside district with a mix of family homes and holiday appeal.

    Average Property Price - NE29

    £218,190

    17

    National percentile

    Average Net Household Income - NE29

    £32,937

    18

    National percentile

    10-Year Annualised Price Growth - NE29

    5.1%

    90

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE29

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