According to the public record, 2, Paddock Close, Newcastle Upon Tyne is a modern freehold house with 1,259 ft2 of internal area and sits on a 252 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Paddock Close, Matfen, Newcastle Upon Tyne, NE20 is located within the NE20 postal district.
2, Paddock Close, Newcastle Upon Tyne has 21 entries in the Land Registry database, most recently in August 2015 and a single entry in the EPC database dated May 2015.
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 Paddock Close Newcastle Upon Tyne as £370,072 and the rental value as £1,816 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 2 Paddock Close Newcastle Upon Tyne has increased by £13,399 (3.6%) and its rental value has increased by £193 per month (10.6%).
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, Paddock Close, Newcastle Upon Tyne is in very good condition we estimate a sale value of £388,575 and rental value of £1,906 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £344,167 and a rental value of £1,689 per month.
If you were able to purchase this property for the estimated value of £370,072, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,819 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, 2, Paddock Close, Newcastle Upon Tyne sits on a plot of 252m2.
We have plot size data on 2 out of 5 other houses in the postcode and 2, Paddock Close, Newcastle Upon Tyne sits on the largest plot.
According to HM Land Registry, 2, Paddock Close, Newcastle Upon Tyne was last sold on 03 Aug 2015 for £285,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2015, the market for similar properties has risen 39.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Paddock Close, Newcastle Upon Tyne within a radius of 8.2 kilometres over the last 2 years.
The most recent example is 1 The Old Forge, Bridge End, Newcastle Upon Tyne, NE18 0PN, a Freehold house which sold for £265,000 in Dec 2023.
Read more about house prices in NE20.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Paddock Close, Matfen, Newcastle Upon Tyne, NE20 has a total of 5 addresses. According to our analysis of all the public data, 2, Paddock Close, Newcastle Upon Tyne is the 3rd largest and the 4th most expensive property on the street.
When compared to the postcode district it is £185k less expensive than the average property in NE20.
2, Paddock Close, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 May 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to 2, Paddock Close, Newcastle Upon Tyne is Corbridge station which is 9.4 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 2, Paddock Close, Newcastle Upon Tyne, 40.1% of property is privately owned outright and 36.6% 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 2, Paddock Close, Newcastle Upon Tyne, 16.6% of residents are recorded as possessing school level qualifications and 47.5% 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, Paddock Close, Newcastle Upon Tyne, the average age was 46.3 and the most common age was 57.
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, Paddock Close, Newcastle Upon Tyne, 1.2% 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, Paddock Close, Newcastle Upon Tyne, there are an average of 1.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.