According to the public record, 2 Citygate, Newcastle Upon Tyne is a modern leasehold apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Citygate, Bath Lane, Newcastle Upon Tyne, NE1.
Bath Lane, Newcastle Upon Tyne, NE1 is located in the borough of Newcastle upon Tyne within the NE1 postal district.
2 Citygate, Newcastle Upon Tyne has 51 entries in the Land Registry database, most recently in November 2018 and a single entry in the EPC database dated September 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Citygate Newcastle Upon Tyne as £133,640 and the rental value as £886 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 2 Citygate Newcastle Upon Tyne has increased by £2,112 (1.6%) and its rental value has increased by £70 per month (7.9%).
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 2 Citygate, Newcastle Upon Tyne is in very good condition we estimate a sale value of £140,322 and rental value of £930 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £124,285 and a rental value of £824 per month.
If you were able to purchase this property for the estimated value of £133,640, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £657 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 HM Land Registry, 2 Citygate, Newcastle Upon Tyne was last sold on 19 Nov 2018 for £125,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Nov 2018, the market for similar properties has dropped 1.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Citygate, Newcastle Upon Tyne within a radius of 280 metres over the last 2 years.
The most recent example is 17, Charlotte Mews, Newcastle Upon Tyne, NE1 4XH, a Leasehold flat which sold for £104,500 in Feb 2023.
Read more about house prices in NE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bath Lane, Newcastle Upon Tyne, NE1 has a total of 57 addresses. According to our analysis of all the public data, 2 Citygate, Newcastle Upon Tyne is the 55th largest and the 55th most expensive property on the street.
When compared to the postcode district it is £10k less expensive than the average property in NE1.
2 Citygate, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Sep 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 2 Citygate, Newcastle Upon Tyne is Newcastle station which is 500 metres 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 2 Citygate, Newcastle Upon Tyne, 69.3% of property is privately rented and 21.0% is socially rented.
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 2 Citygate, Newcastle Upon Tyne, 51.8% of residents are recorded as possessing school level qualifications and 60.8% 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 2 Citygate, 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 2 Citygate, Newcastle Upon Tyne, 0.8% 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 2 Citygate, Newcastle Upon Tyne, there are an average of 0.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.