According to the public record, 42, Shield Street, Newcastle Upon Tyne is a mid-century leasehold apartment with 990 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Shield Street, Newcastle Upon Tyne, NE2 is located in the borough of Newcastle upon Tyne within the NE2 postal district.
42, Shield Street, Newcastle Upon Tyne has a single entry in the Land Registry database from January 2024 and a single entry in the EPC database dated August 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 42 Shield Street Newcastle Upon Tyne as £179,355 and the rental value as £1,117 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 42 Shield Street Newcastle Upon Tyne has increased by £4,724 (2.6%) and its rental value has increased by £104 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 42, Shield Street, Newcastle Upon Tyne is in very good condition we estimate a sale value of £188,323 and rental value of £1,173 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £166,800 and a rental value of £1,039 per month.
If you were able to purchase this property for the estimated value of £179,355, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £881 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, 42, Shield Street, Newcastle Upon Tyne was last sold on 19 Jan 2024 for £172,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2024, the market for similar properties has risen 7.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Shield Street, Newcastle Upon Tyne within a radius of 270 metres over the last 2 years.
The most recent example is 18, Beadnell Place, Newcastle Upon Tyne, NE2 1YD, a Leasehold flat which sold for £165,000 in Mar 2022.
Read more about house prices in NE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Shield Street, Newcastle Upon Tyne, NE2 has a total of 362 addresses. According to our analysis of all the public data, 42, Shield Street, Newcastle Upon Tyne is the 20th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £144k less expensive than the average property in NE2.
42, Shield Street, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Aug 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 42, Shield Street, Newcastle Upon Tyne is Manors station which is 700 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 42, Shield Street, Newcastle Upon Tyne, 60.0% of property is socially rented and 24.4% is privately 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 42, Shield Street, Newcastle Upon Tyne, 52.4% of residents are recorded as possessing school level qualifications and 30.0% 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, Shield Street, 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 42, Shield Street, 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, Shield Street, Newcastle Upon Tyne, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.