According to the public record, 2, Pease Avenue, Newcastle Upon Tyne is a early-century freehold house with 925 ft2 of internal area and sits on a 439 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Pease Avenue, Newcastle Upon Tyne, NE15 is located in the borough of Newcastle upon Tyne within the NE15 postal district.
2, Pease Avenue, Newcastle Upon Tyne has a single entry in the Land Registry database from May 2015 and a single entry in the EPC database dated April 2023.
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 Pease Avenue Newcastle Upon Tyne as £134,926 and the rental value as £865 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 2 Pease Avenue Newcastle Upon Tyne has increased by £4,341 (3.2%) and its rental value has increased by £92 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, Pease Avenue, Newcastle Upon Tyne is in very good condition we estimate a sale value of £141,673 and rental value of £909 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £125,481 and a rental value of £805 per month.
If you were able to purchase this property for the estimated value of £134,926, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £663 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, Pease Avenue, Newcastle Upon Tyne sits on a plot of 439m2.
We have plot size data on 10 out of 34 other houses in the postcode and 2, Pease Avenue, Newcastle Upon Tyne sits on the 2nd largest plot.
According to HM Land Registry, 2, Pease Avenue, Newcastle Upon Tyne was last sold on 22 May 2015 for £104,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2015, the market for similar properties has risen 35.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Pease Avenue, Newcastle Upon Tyne within a radius of 570 metres over the last 2 years.
The most recent example is 44, Denhill Park, Newcastle Upon Tyne, NE15 6QH, a Freehold house which sold for £135,000 in Oct 2023.
Read more about house prices in NE15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pease Avenue, Newcastle Upon Tyne, NE15 has a total of 66 addresses. According to our analysis of all the public data, 2, Pease Avenue, Newcastle Upon Tyne is the 25th largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £28k less expensive than the average property in NE15.
2, Pease Avenue, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Apr 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2, Pease Avenue, Newcastle Upon Tyne is MetroCentre station which is 2.1 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, Pease Avenue, Newcastle Upon Tyne, 37.5% of property is privately owned outright and 25.7% 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, Pease Avenue, Newcastle Upon Tyne, 15.8% of residents are recorded as possessing school level qualifications and 26.2% 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, Pease Avenue, Newcastle Upon Tyne, the average age was 37.7 and the most common age was 7.
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, Pease Avenue, Newcastle Upon Tyne, 0.5% 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, Pease Avenue, Newcastle Upon Tyne, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.