According to the public record, 2 Thornborough House is a mid-century leasehold apartment with 979 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Thornborough House, Newcastle Upon Tyne, NE6.
Newcastle Upon Tyne, NE6 is located in the borough of Newcastle upon Tyne within the NE6 postal district.
2 Thornborough House has 2 entries in the Land Registry database, most recently in April 2023 and a single entry in the EPC database dated July 2016.
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 Thornborough House as £81,564 and the rental value as £598 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 2 Thornborough House has increased by £2,882 (3.5%) and its rental value has increased by £56 per month (9.4%).
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 2 Thornborough House is in very good condition we estimate a sale value of £85,642 and rental value of £628 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £75,854 and a rental value of £556 per month.
If you were able to purchase this property for the estimated value of £81,564, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £401 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 Thornborough House was last sold on 06 Apr 2023 for £79,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2023, the market for similar properties has risen 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 450 metres radius of 2 Thornborough House over the last 2 years.
The most recent example is 2, Spires Lane, Newcastle Upon Tyne, NE6 2NT, a Freehold house which sold for £78,000 in Nov 2023.
Read more about house prices in NE6.
Newcastle Upon Tyne, NE6 has a total of 157 addresses. According to our analysis of all the public data, 2 Thornborough House is the 5th largest and the 90th most expensive property on the street.
When compared to the postcode district it is £97k less expensive than the average property in NE6.
2 Thornborough House has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Jul 2016.
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 Thornborough House is Manors station which is 2.0 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 Thornborough House, 82.4% of property is socially rented and 13.7% is privately 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 Thornborough House, 28.2% of residents are recorded as possessing school level qualifications and 24.5% 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 Thornborough House, the average age was 33.9 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 Thornborough House, 0.0% 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 2 Thornborough House, there are an average of 0.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.