1 Lumley Way

    1, LUMLEY WAY, NEWCASTLE UPON TYNE, NE3 5RR

    This detached freehold property on Lumley Way last sold in July 2014 for £640,000. Based on price growth in the NE3 district since then, its estimated current value is £852,977 — placing it in the 94th percentile nationally and the 96th percentile within NE3. The property covers 240 m² (2,583 sq ft), giving an estimated value of £3,554 per m². The EPC rating is C, with a potential rating of B.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    2,583 sq ft

    240 m²

    Last Sale Price

    £640,000

    Jul 2014

    Estimated Valuation

    £852,977

    Est. £/sq ft

    £330/sq ft

    £3,554/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms7
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area2,583 sq ft (240 m²)
    EPC dateJul 2012
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    31 Jul 2014

    £640,000

    20 Dec 2005

    New build

    £575,000

    Key Metrics

    Estimated valuation£852,977
    Value per sq ft / m²£330/sq ft (£3,554/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE3 district percentile96th percentile
    National percentile94th 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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