According to the public record, 29 Citygate, Newcastle Upon Tyne is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Citygate, Bath Lane, Newcastle Upon Tyne, NE1.
Bath Lane, Newcastle Upon Tyne, NE1 is located in the borough of Newcastle upon Tyne within the NE1 postal district.
29 Citygate, Newcastle Upon Tyne has 21 entries in the Land Registry database, most recently in June 2022 and a single entry in the EPC database dated March 2020.
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 29 Citygate Newcastle Upon Tyne as £170,079 and the rental value as £1,068 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 29 Citygate Newcastle Upon Tyne has increased by £4,082 (2.4%) and its rental value has increased by £93 per month (8.7%).
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 29 Citygate, Newcastle Upon Tyne is in very good condition we estimate a sale value of £178,583 and rental value of £1,121 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £158,173 and a rental value of £993 per month.
If you were able to purchase this property for the estimated value of £170,079, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £836 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, 29 Citygate, Newcastle Upon Tyne was last sold on 10 Jun 2022 for £178,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2022, the market for similar properties has risen 1.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 29 Citygate, Newcastle Upon Tyne within a radius of 280 metres over the last 2 years.
The most recent example is 001 Hadrians Tower, Rutherford Street, Newcastle Upon Tyne, NE4 5BJ, a Leasehold flat which sold for £144,000 in Mar 2024.
Read more about house prices in NE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bath Lane, Newcastle Upon Tyne, NE1 has a total of 57 addresses. According to our analysis of all the public data, 29 Citygate, Newcastle Upon Tyne is the 29th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £27k more expensive than the average property in NE1.
29 Citygate, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Mar 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 29 Citygate, Newcastle Upon Tyne is Newcastle station which is 500 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 29 Citygate, Newcastle Upon Tyne, 69.3% of property is privately rented and 21.0% 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 29 Citygate, Newcastle Upon Tyne, 51.8% of residents are recorded as possessing school level qualifications and 60.8% 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 29 Citygate, 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 29 Citygate, Newcastle Upon Tyne, 0.8% 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 29 Citygate, Newcastle Upon Tyne, there are an average of 0.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.