56 Launceston Close

    56, LAUNCESTON CLOSE, NEWCASTLE UPON TYNE, NE3 2XX

    This terraced freehold property on Launceston Close last sold in May 2024 for £143,000. Based on price growth in the NE3 district since then, its estimated current value is £157,581 — placing it in the 14th percentile nationally and the 18th percentile within NE3. The property covers 63 m² (678 sq ft), giving an estimated value of £2,501 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    678 sq ft

    63 m²

    Last Sale Price

    £143,000

    May 2024

    Estimated Valuation

    £157,581

    Est. £/sq ft

    £232/sq ft

    £2,501/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1976-1982
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area678 sq ft (63 m²)
    EPC dateFeb 2022
    WallsCavity wall, as built, partial insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    28 May 2024

    £143,000

    4 May 2007

    £132,500

    26 Aug 2005

    £132,000

    17 Dec 2004

    £105,000

    5 Sept 1997

    £39,500

    Key Metrics

    Estimated valuation£157,581
    Value per sq ft / m²£232/sq ft (£2,501/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE3 district percentile18th percentile
    National percentile14th percentile

    District Context — NE3

    NE3 covers suburbs and outlying areas in the northeast of Newcastle, extending into surrounding residential neighbourhoods. It is a relatively stable, family-oriented district with a mix of established housing stock and leafy character.

    Average Property Price - NE3

    £315,221

    47

    National percentile

    Average Net Household Income - NE3

    £42,222

    67

    National percentile

    10-Year Annualised Price Growth - NE3

    3.2%

    34

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE3

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