According to the public record, 478, Elswick Road, Newcastle Upon Tyne is a period leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Elswick Road, Newcastle Upon Tyne, NE4 is located in the borough of Newcastle upon Tyne within the NE4 postal district.
478, Elswick Road, Newcastle Upon Tyne has 2 entries in the Land Registry database, most recently in February 2020 and a single entry in the EPC database dated June 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 478 Elswick Road Newcastle Upon Tyne as £57,398 and the rental value as £449 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of 478 Elswick Road Newcastle Upon Tyne has increased by £1,474 (2.6%) and its rental value has increased by £42 per month (9.4%).
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 478, Elswick Road, Newcastle Upon Tyne is in very good condition we estimate a sale value of £60,268 and rental value of £472 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £53,381 and a rental value of £418 per month.
If you were able to purchase this property for the estimated value of £57,398, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £282 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, 478, Elswick Road, Newcastle Upon Tyne was last sold on 27 Feb 2020 for £49,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2020, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 478, Elswick Road, Newcastle Upon Tyne within a radius of 440 metres over the last 2 years.
The most recent example is 152, Hugh Gardens, Newcastle Upon Tyne, NE4 8PQ, a Leasehold flat which sold for £49,500 in Apr 2024.
Read more about house prices in NE4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elswick Road, Newcastle Upon Tyne, NE4 has a total of 121 addresses. According to our analysis of all the public data, 478, Elswick Road, Newcastle Upon Tyne is the 70th largest and the 94th most expensive property on the street.
When compared to the postcode district it is £98k less expensive than the average property in NE4.
478, Elswick Road, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Jun 2013.
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 478, Elswick Road, Newcastle Upon Tyne is MetroCentre station which is 1.5 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 478, Elswick Road, Newcastle Upon Tyne, 75.6% of property is privately rented and 11.7% 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 478, Elswick Road, Newcastle Upon Tyne, 30.6% of residents are recorded as possessing school level qualifications and 24.7% 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 478, Elswick Road, Newcastle Upon Tyne, the average age was 37.7 and the most common age was 7.
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 478, Elswick Road, Newcastle Upon Tyne, 0.2% 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 478, Elswick Road, Newcastle Upon Tyne, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.