According to the public record, 40, Wolseley Gardens, Newcastle Upon Tyne is a period leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Wolseley Gardens, Newcastle Upon Tyne, NE2 is located in the borough of Newcastle upon Tyne within the NE2 postal district.
40, Wolseley Gardens, Newcastle Upon Tyne has 41 entries in the Land Registry database, most recently in October 2019 and a single entry in the EPC database dated September 2013.
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 Wolseley Gardens Newcastle Upon Tyne as £178,686 and the rental value as £1,214 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 40 Wolseley Gardens Newcastle Upon Tyne has increased by £4,913 (2.7%) and its rental value has increased by £113 per month (9.3%).
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 40, Wolseley Gardens, Newcastle Upon Tyne is in very good condition we estimate a sale value of £187,620 and rental value of £1,275 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £166,178 and a rental value of £1,129 per month.
If you were able to purchase this property for the estimated value of £178,686, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £878 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, Wolseley Gardens, Newcastle Upon Tyne was last sold on 11 Oct 2019 for £180,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Oct 2019, the market for similar properties has risen 14.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Wolseley Gardens, Newcastle Upon Tyne within a radius of 540 metres over the last 2 years.
The most recent example is 53, Grosvenor Gardens, Newcastle Upon Tyne, NE2 1HQ, a Leasehold flat which sold for £212,000 in Aug 2023.
Read more about house prices in NE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wolseley Gardens, Newcastle Upon Tyne, NE2 has a total of 65 addresses. According to our analysis of all the public data, 40, Wolseley Gardens, Newcastle Upon Tyne is the 58th largest and the 58th most expensive property on the street.
When compared to the postcode district it is £144k less expensive than the average property in NE2.
40, Wolseley Gardens, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Sep 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 40, Wolseley Gardens, Newcastle Upon Tyne is Manors station which is 1.7 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, Wolseley Gardens, Newcastle Upon Tyne, 40.9% of property is privately rented and 31.4% 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 40, Wolseley Gardens, Newcastle Upon Tyne, 39.7% of residents are recorded as possessing school level qualifications and 52.5% 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 40, Wolseley Gardens, Newcastle Upon Tyne, the average age was 32.1 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, Wolseley Gardens, Newcastle Upon Tyne, 0.3% 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, Wolseley Gardens, 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.