2 Merchants Wharf

    2, MERCHANTS WHARF, NEWCASTLE UPON TYNE, NE6 1TR

    This terraced freehold property on Merchants Wharf last sold in November 2018 for £176,000. Based on price growth in the NE6 district since then, its estimated current value is £230,860 — placing it in the 32nd percentile nationally and the 70th percentile within NE6. The property covers 122 m² (1,313 sq ft), giving an estimated value of £1,892 per m². The EPC rating is D, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,313 sq ft

    122 m²

    Last Sale Price

    £176,000

    Nov 2018

    Estimated Valuation

    £230,860

    Est. £/sq ft

    £176/sq ft

    £1,892/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1983-1990
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,313 sq ft (122 m²)
    EPC dateAug 2014
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    27 Nov 2018

    £176,000

    28 Nov 2014

    £195,000

    3 Aug 2011

    £165,000

    23 Dec 1997

    £81,500

    Key Metrics

    Estimated valuation£230,860
    Value per sq ft / m²£176/sq ft (£1,892/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE6 district percentile70th percentile
    National percentile32nd percentile

    District Context — NE6

    NE6 covers central Newcastle, including areas around the city's core and northern residential neighbourhoods. It is a mixed urban community with strong rental demand and considerable social housing provision.

    Average Property Price - NE6

    £204,282

    13

    National percentile

    Average Net Household Income - NE6

    £19,923

    2

    National percentile

    10-Year Annualised Price Growth - NE6

    4.1%

    68

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE6

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