According to the public record, 38, Portland Mews, Newcastle Upon Tyne is a modern house with 602 ft2 of internal area and sits on a 4,686 m2 plot.
Houses of this size in this area normally have 1 bedroom with a garden.
Portland Mews, Newcastle Upon Tyne, NE2 is located in the borough of Newcastle upon Tyne within the NE2 postal district.
38, Portland Mews, Newcastle Upon Tyne has no records in the Land Registry database and a single entry in the EPC database dated August 2020.
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 38 Portland Mews Newcastle Upon Tyne as £191,059 and the rental value as £1,669 per month giving an expected gross yield of 10.5%.
Over the last 12 months the sale value of 38 Portland Mews Newcastle Upon Tyne has increased by £8,724 (4.6%) and its rental value has increased by £189 per month (11.3%).
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 38, Portland Mews, Newcastle Upon Tyne is in very good condition we estimate a sale value of £200,612 and rental value of £1,753 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £177,685 and a rental value of £1,552 per month.
If you were able to purchase this property for the estimated value of £191,059, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £939 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 data from HM Land Registry, 38, Portland Mews, Newcastle Upon Tyne sits on a plot of 4686m2.
We have plot size data on 18 out of 18 other houses in the postcode and 38, Portland Mews, Newcastle Upon Tyne sits on the largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Portland Mews, Newcastle Upon Tyne within a radius of 360 metres over the last 2 years.
The most recent example is 44, Starbeck Mews, Newcastle Upon Tyne, NE2 1LG, a Leasehold house which sold for £150,000 in Aug 2021.
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, 38, Portland Mews, Newcastle Upon Tyne is the 19th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £132k less expensive than the average property in NE2.
38, Portland Mews, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Aug 2020.
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 38, 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 38, 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 38, 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 38, 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 38, 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 38, 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.