According to the public record, 238, Lort House, Newcastle Upon Tyne is a mid-century apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Lort House, Shield Street, Newcastle Upon Tyne, NE2.
Shield Street, Newcastle Upon Tyne, NE2 is located in the borough of Newcastle upon Tyne within the NE2 postal district.
238, Lort House, Newcastle Upon Tyne has no records in the Land Registry database and a single entry in the EPC database dated July 2023.
We combine this information with public data 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 238 Lort House Newcastle Upon Tyne as £82,370 and the rental value as £669 per month giving an expected gross yield of 9.8%.
Over the last 12 months the sale value of 238 Lort House Newcastle Upon Tyne has increased by £1,462 (1.8%) and its rental value has increased by £56 per month (8.4%).
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 238, Lort House, Newcastle Upon Tyne is in very good condition we estimate a sale value of £86,488 and rental value of £703 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £76,604 and a rental value of £623 per month.
If you were able to purchase this property for the estimated value of £82,370, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £405 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 238, Lort House, Newcastle Upon Tyne within a radius of 300 metres over the last 2 years.
The most recent example is 222, Lort House, Shield Street, Newcastle Upon Tyne, NE2 1YA, a Leasehold flat which sold for £80,000 in Jun 2020.
Read more about house prices in NE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Shield Street, Newcastle Upon Tyne, NE2 has a total of 362 addresses. According to our analysis of all the public data, 238, Lort House, Newcastle Upon Tyne is the 207th largest and the 136th most expensive property on the street.
When compared to the postcode district it is £241k less expensive than the average property in NE2.
238, Lort House, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Jul 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 238, Lort House, Newcastle Upon Tyne is Manors station which is 600 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 238, Lort House, Newcastle Upon Tyne, 41.6% of property is privately rented and 30.4% 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 238, Lort House, Newcastle Upon Tyne, 44.1% of residents are recorded as possessing school level qualifications and 52.8% 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 238, Lort House, 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 238, Lort House, Newcastle Upon Tyne, 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 238, Lort House, 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.