40 Redewood Close

    40, REDEWOOD CLOSE, NEWCASTLE UPON TYNE, NE5 2NY

    This terraced leasehold property on Redewood Close last sold in October 2024 for £110,000. Based on price growth in the NE5 district since then, its estimated current value is £116,818 — placing it in the 6th percentile nationally and the 21st percentile within NE5. The property covers 60 m² (646 sq ft), giving an estimated value of £1,947 per m². The EPC rating is D, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    646 sq ft

    60 m²

    Last Sale Price

    £110,000

    Oct 2024

    Estimated Valuation

    £116,818

    Est. £/sq ft

    £181/sq ft

    £1,947/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1991-1995
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area646 sq ft (60 m²)
    EPC dateJul 2024
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    30 Oct 2024

    £110,000

    27 Oct 2000

    New build

    £59,295

    Key Metrics

    Estimated valuation£116,818
    Value per sq ft / m²£181/sq ft (£1,947/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE5 district percentile21st percentile
    National percentile6th 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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