According to the public record, 177, Goldspink Lane, Newcastle Upon Tyne is a leasehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,057 ft2 of internal area and sits on a 127 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Goldspink Lane, Newcastle Upon Tyne, NE2 is located in the borough of Newcastle upon Tyne within the NE2 postal district.
177, Goldspink Lane, Newcastle Upon Tyne has a single entry in the Land Registry database from September 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 177 Goldspink Lane Newcastle Upon Tyne as £366,136 and the rental value as £2,462 per month giving an expected gross yield of 8.1%.
Over the last 12 months the sale value of 177 Goldspink Lane Newcastle Upon Tyne has increased by £16,972 (4.6%) and its rental value has increased by £279 per month (11.4%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 177, Goldspink Lane, Newcastle Upon Tyne is in very good condition we estimate a sale value of £384,443 and rental value of £2,585 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £340,507 and a rental value of £2,289 per month.
If you were able to purchase this property for the estimated value of £366,136, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,799 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 177, Goldspink Lane, Newcastle Upon Tyne sits on a plot of 127m2.
We have plot size data on 2 out of 3 other houses in the postcode and 177, Goldspink Lane, Newcastle Upon Tyne sits on the 9th largest plot.
According to HM Land Registry, 177, Goldspink Lane, Newcastle Upon Tyne was last sold on 14 Sep 2007 for £130,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Sep 2007, the market for similar properties has risen 16.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 177, Goldspink Lane, Newcastle Upon Tyne within a radius of 400 metres over the last 2 years.
The most recent example is 17, Selborne Gardens, Newcastle Upon Tyne, NE2 1EY, a Freehold house which sold for £325,000 in Sep 2021.
Read more about house prices in NE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Goldspink Lane, Newcastle Upon Tyne, NE2 has a total of 105 addresses. According to our analysis of all the public data, 177, Goldspink Lane, Newcastle Upon Tyne is the 32nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £43k more expensive than the average property in NE2.
The closest station to 177, Goldspink Lane, Newcastle Upon Tyne is Manors station which is 1.3 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 177, Goldspink Lane, Newcastle Upon Tyne, 50.4% of property is privately rented and 20.0% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 177, Goldspink Lane, Newcastle Upon Tyne, 45.0% of residents are recorded as possessing school level qualifications and 42.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 177, Goldspink Lane, Newcastle Upon Tyne, the average age was 30.9 and the most common age was 22.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 177, Goldspink Lane, Newcastle Upon Tyne, 1.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 177, Goldspink Lane, Newcastle Upon Tyne, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.