According to the public record, 42, Ovington Grove, Newcastle Upon Tyne is a leasehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 586 ft2 of internal area and sits on a 339 m2 plot and a garden.
Houses of this size in this area normally have 2 bedrooms.
Ovington Grove, Newcastle Upon Tyne, NE5 is located in the borough of Newcastle upon Tyne within the NE5 postal district.
42, Ovington Grove, Newcastle Upon Tyne has 31 entries in the Land Registry database, most recently in December 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 42 Ovington Grove Newcastle Upon Tyne as £130,538 and the rental value as £852 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 42 Ovington Grove Newcastle Upon Tyne has increased by £4,249 (3.3%) and its rental value has increased by £89 per month (10.4%).
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 42, Ovington Grove, Newcastle Upon Tyne is in very good condition we estimate a sale value of £137,065 and rental value of £894 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £121,401 and a rental value of £792 per month.
If you were able to purchase this property for the estimated value of £130,538, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £642 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, 42, Ovington Grove, Newcastle Upon Tyne sits on a plot of 339m2.
We have plot size data on 15 out of 24 other houses in the postcode and 42, Ovington Grove, Newcastle Upon Tyne sits on the 14th largest plot.
According to HM Land Registry, 42, Ovington Grove, Newcastle Upon Tyne was last sold on 21 Dec 2006 for £91,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Ovington Grove, Newcastle Upon Tyne within a radius of 500 metres over the last 2 years.
The most recent example is 6, Ovington Grove, Newcastle Upon Tyne, NE5 2QA, a Leasehold house which sold for £80,000 in Aug 2022.
Read more about house prices in NE5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ovington Grove, Newcastle Upon Tyne, NE5 has a total of 242 addresses. According to our analysis of all the public data, 42, Ovington Grove, Newcastle Upon Tyne is the 226th largest and the 69th most expensive property on the street.
When compared to the postcode district it is £25k less expensive than the average property in NE5.
42, Ovington Grove, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Jul 2012.
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 42, Ovington Grove, Newcastle Upon Tyne is MetroCentre station which is 2.7 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 42, Ovington Grove, Newcastle Upon Tyne, 33.6% of property is privately owned outright and 33.6% 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 42, Ovington Grove, Newcastle Upon Tyne, 22.1% of residents are recorded as possessing school level qualifications and 34.7% 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 42, Ovington Grove, Newcastle Upon Tyne, the average age was 38.5 and the most common age was 32.
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 42, Ovington Grove, 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 42, Ovington Grove, 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.