2 Preston Mews

    2, PRESTON MEWS, NORTH SHIELDS, NE29 0NF

    This terraced freehold property on Preston Mews last sold in June 2021 for £525,000. Based on price growth in the NE29 district since then, its estimated current value is £621,644 — placing it in the 87th percentile nationally and the 99th percentile within NE29. The property covers 150 m² (1,615 sq ft), giving an estimated value of £4,144 per m². The EPC rating is B, with a potential rating of A.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,615 sq ft

    150 m²

    Last Sale Price

    £525,000

    Jun 2021

    Estimated Valuation

    £621,644

    Est. £/sq ft

    £385/sq ft

    £4,144/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction age2014
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialA
    Floor area1,615 sq ft (150 m²)
    EPC dateJun 2014
    WallsAverage thermal transmittance 0.24 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    25 Jun 2021

    £525,000

    27 Jun 2014

    £354,995

    Key Metrics

    Estimated valuation£621,644
    Value per sq ft / m²£385/sq ft (£4,144/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE29 district percentile99th percentile
    National percentile87th 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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