According to the public record, 49, Somerset Place, Newcastle Upon Tyne is a mid-century freehold house with 850 ft2 of internal area and sits on a 86.3 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Somerset Place, Newcastle Upon Tyne, NE4 is located in the borough of Newcastle upon Tyne within the NE4 postal district.
49, Somerset Place, Newcastle Upon Tyne has a single entry in the Land Registry database from March 2024 and a single entry in the EPC database dated February 2022.
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 49 Somerset Place Newcastle Upon Tyne as £88,779 and the rental value as £582 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of 49 Somerset Place Newcastle Upon Tyne has increased by £3,757 (4.2%) and its rental value has increased by £63 per month (10.8%).
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 49, Somerset Place, Newcastle Upon Tyne is in very good condition we estimate a sale value of £93,218 and rental value of £611 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £82,565 and a rental value of £541 per month.
If you were able to purchase this property for the estimated value of £88,779, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £436 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, 49, Somerset Place, Newcastle Upon Tyne sits on a plot of 86m2.
We have plot size data on 14 out of 33 other houses in the postcode and 49, Somerset Place, Newcastle Upon Tyne sits on the 6th largest plot.
According to HM Land Registry, 49, Somerset Place, Newcastle Upon Tyne was last sold on 04 Mar 2024 for £85,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2024, the market for similar properties has risen 4.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 49, Somerset Place, Newcastle Upon Tyne within a radius of 400 metres over the last 2 years.
The most recent example is 12, Hawthorn Terrace, Newcastle Upon Tyne, NE4 6RJ, a Freehold house which sold for £105,000 in Nov 2022.
Read more about house prices in NE4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerset Place, Newcastle Upon Tyne, NE4 has a total of 54 addresses. According to our analysis of all the public data, 49, Somerset Place, Newcastle Upon Tyne is the 11th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £67k less expensive than the average property in NE4.
49, Somerset Place, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Feb 2022.
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 49, Somerset Place, Newcastle Upon Tyne is Newcastle station which is 1.2 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 49, Somerset Place, Newcastle Upon Tyne, 71.2% of property is socially rented and 10.6% 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 49, Somerset Place, Newcastle Upon Tyne, 25.8% of residents are recorded as possessing school level qualifications and 20.1% 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 49, Somerset Place, 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 49, Somerset 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 49, Somerset Place, 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.