According to the public record, 2, Vale Walk, Newcastle Upon Tyne is a mid-century leasehold house with 854 ft2 of internal area.
Houses of this size in this area normally have 2 bedrooms with a garden.
Vale Walk, Newcastle Upon Tyne, NE2 is located in the borough of Newcastle upon Tyne within the NE2 postal district.
2, Vale Walk, Newcastle Upon Tyne has 31 entries in the Land Registry database, most recently in January 2013 and a single entry in the EPC database dated May 2011.
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 Vale Walk Newcastle Upon Tyne as £216,835 and the rental value as £1,824 per month giving an expected gross yield of 10.1%.
Over the last 12 months the sale value of 2 Vale Walk Newcastle Upon Tyne has increased by £10,051 (4.6%) and its rental value has increased by £207 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 2, Vale Walk, Newcastle Upon Tyne is in very good condition we estimate a sale value of £227,677 and rental value of £1,916 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £201,657 and a rental value of £1,697 per month.
If you were able to purchase this property for the estimated value of £216,835, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,066 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, Vale Walk, Newcastle Upon Tyne was last sold on 25 Jan 2013 for £145,000 and was recorded as a leasehold house.
The property has had 3 sales since 1995.
Since Jan 2013, the market for similar properties has risen 39.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Vale Walk, Newcastle Upon Tyne within a radius of 440 metres over the last 2 years.
The most recent example is 7, Burnville, Newcastle Upon Tyne, NE6 5AY, a Freehold house which sold for £230,000 in Nov 2016.
Read more about house prices in NE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Vale Walk, Newcastle Upon Tyne, NE2 has a total of 10 addresses. According to our analysis of all the public data, 2, Vale Walk, Newcastle Upon Tyne is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £106k less expensive than the average property in NE2.
2, Vale Walk, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 May 2011.
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, Vale Walk, Newcastle Upon Tyne is Manors station which is 1.5 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, Vale Walk, 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 2, Vale Walk, 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 2, Vale Walk, 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, Vale Walk, 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 2, Vale Walk, 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.