According to the public record, 34, Portland Mews, Newcastle Upon Tyne is a modern leasehold apartment with 419 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Portland Mews, Newcastle Upon Tyne, NE2 is located in the borough of Newcastle upon Tyne within the NE2 postal district.
34, Portland Mews, Newcastle Upon Tyne has 31 entries in the Land Registry database, most recently in July 2020 and a single entry in the EPC database dated September 2018.
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 34 Portland Mews Newcastle Upon Tyne as £118,351 and the rental value as £891 per month giving an expected gross yield of 9%.
Over the last 12 months the sale value of 34 Portland Mews Newcastle Upon Tyne has increased by £2,028 (1.7%) and its rental value has increased by £74 per month (8.3%).
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 34, Portland Mews, Newcastle Upon Tyne is in very good condition we estimate a sale value of £124,268 and rental value of £935 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £110,066 and a rental value of £828 per month.
If you were able to purchase this property for the estimated value of £118,351, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £582 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, 34, Portland Mews, Newcastle Upon Tyne was last sold on 01 Jul 2020 for £115,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2020, the market for similar properties has risen 7.0%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 34, Portland Mews, Newcastle Upon Tyne within a radius of 360 metres over the last 2 years.
The most recent example is 42, Portland Mews, Newcastle Upon Tyne, NE2 1RW, a Leasehold flat which sold for £119,000 in Sep 2022.
Read more about house prices in NE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Portland Mews, Newcastle Upon Tyne, NE2 has a total of 42 addresses. According to our analysis of all the public data, 34, Portland Mews, Newcastle Upon Tyne is the 38th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £205k less expensive than the average property in NE2.
34, Portland Mews, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Sep 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 34, Portland Mews, Newcastle Upon Tyne is Manors station which is 900 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 34, Portland Mews, Newcastle Upon Tyne, 73.5% of property is privately rented and 11.6% is privately owned outright.
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 34, Portland Mews, Newcastle Upon Tyne, 61.7% of residents are recorded as possessing school level qualifications and 46.5% 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 34, Portland Mews, 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 34, Portland Mews, Newcastle Upon Tyne, 0.4% 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 34, Portland Mews, 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.