38 Lotus Close

    38, LOTUS CLOSE, NEWCASTLE UPON TYNE, NE5 1XB

    This semi-detached leasehold property on Lotus Close last sold in May 2017 for £130,000. Based on price growth in the NE5 district since then, its estimated current value is £175,644 — placing it in the 18th percentile nationally and the 50th percentile within NE5. The property covers 65 m² (700 sq ft), giving an estimated value of £2,702 per m². The EPC rating is D, with a potential rating of C.

    Type

    Semi-Detached

    Tenure

    Leasehold

    Floor Area

    700 sq ft

    65 m²

    Last Sale Price

    £130,000

    May 2017

    Estimated Valuation

    £175,644

    Est. £/sq ft

    £251/sq ft

    £2,702/m²

    Property Details

    TypeSemi-Detached
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1976-1982
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area700 sq ft (65 m²)
    EPC dateJan 2016
    WallsCavity wall, filled cavity
    HeatingWarm air, mains gas

    Transaction History

    4 May 2017

    £130,000

    31 Jan 1996

    £56,950

    Key Metrics

    Estimated valuation£175,644
    Value per sq ft / m²£251/sq ft (£2,702/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE5 district percentile50th percentile
    National percentile18th percentile

    District Context — NE5

    NE5 covers areas in the west of Newcastle upon Tyne, sitting within the broader North East region. It is a mixed residential community with a diverse socioeconomic profile.

    Average Property Price - NE5

    £200,588

    12

    National percentile

    Average Net Household Income - NE5

    £34,218

    27

    National percentile

    10-Year Annualised Price Growth - NE5

    4.8%

    85

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE5

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