According to the public record, 40, Stannington Place, Newcastle Upon Tyne is a period leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Stannington Place, Newcastle Upon Tyne, NE6 is located in the borough of Newcastle upon Tyne within the NE6 postal district.
40, Stannington Place, Newcastle Upon Tyne has 51 entries in the Land Registry database, most recently in November 2016 and a single entry in the EPC database dated March 2021.
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 40 Stannington Place Newcastle Upon Tyne as £139,729 and the rental value as £993 per month giving an expected gross yield of 8.5%.
Over the last 12 months the sale value of 40 Stannington Place Newcastle Upon Tyne has increased by £5,786 (4.1%) and its rental value has increased by £98 per month (9.9%).
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 40, Stannington Place, Newcastle Upon Tyne is in very good condition we estimate a sale value of £146,716 and rental value of £1,042 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £129,948 and a rental value of £923 per month.
If you were able to purchase this property for the estimated value of £139,729, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £687 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, 40, Stannington Place, Newcastle Upon Tyne was last sold on 24 Nov 2016 for £133,500 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Nov 2016, the market for similar properties has risen 25.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Stannington Place, Newcastle Upon Tyne within a radius of 350 metres over the last 2 years.
The most recent example is 32, Balmoral Terrace, Newcastle Upon Tyne, NE6 5YA, a Leasehold flat which sold for £130,000 in Jan 2024.
Read more about house prices in NE6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Stannington Place, Newcastle Upon Tyne, NE6 has a total of 27 addresses. According to our analysis of all the public data, 40, Stannington Place, Newcastle Upon Tyne is the 11th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £39k less expensive than the average property in NE6.
40, Stannington Place, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Mar 2021.
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 40, Stannington Place, Newcastle Upon Tyne is Manors station which is 1.9 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 40, Stannington Place, Newcastle Upon Tyne, 48.3% of property is privately rented and 27.5% 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 40, Stannington Place, Newcastle Upon Tyne, 27.4% of residents are recorded as possessing school level qualifications and 48.4% 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 40, Stannington Place, Newcastle Upon Tyne, the average age was 33.9 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 40, Stannington Place, 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 40, Stannington Place, Newcastle Upon Tyne, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.