According to the public record, 5, Gillies Street, Newcastle Upon Tyne is a mid-century leasehold apartment with 818 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Gillies Street, Newcastle Upon Tyne, NE6 is located in the borough of Newcastle upon Tyne within the NE6 postal district.
5, Gillies Street, Newcastle Upon Tyne has a single entry in the Land Registry database from July 2011 and a single entry in the EPC database dated June 2015.
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 5 Gillies Street Newcastle Upon Tyne as £78,770 and the rental value as £600 per month giving an expected gross yield of 9.1%.
Over the last 12 months the sale value of 5 Gillies Street Newcastle Upon Tyne has increased by £2,668 (3.4%) and its rental value has increased by £56 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 5, Gillies Street, Newcastle Upon Tyne is in very good condition we estimate a sale value of £82,708 and rental value of £629 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £73,256 and a rental value of £558 per month.
If you were able to purchase this property for the estimated value of £78,770, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £387 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, 5, Gillies Street, Newcastle Upon Tyne was last sold on 19 Jul 2011 for £42,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2011, the market for similar properties has risen 21.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Gillies Street, Newcastle Upon Tyne within a radius of 430 metres over the last 2 years.
The most recent example is 249, Ayton Street, Newcastle Upon Tyne, NE6 2DD, a Leasehold flat which sold for £65,000 in Dec 2023.
Read more about house prices in NE6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gillies Street, Newcastle Upon Tyne, NE6 has a total of 42 addresses. According to our analysis of all the public data, 5, Gillies Street, Newcastle Upon Tyne is the 6th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £100k less expensive than the average property in NE6.
5, Gillies Street, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 02 Jun 2015.
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 5, Gillies Street, Newcastle Upon Tyne is Manors station which is 2.2 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 5, Gillies Street, Newcastle Upon Tyne, 37.5% of property is socially rented and 32.1% 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 5, Gillies Street, Newcastle Upon Tyne, 20.5% of residents are recorded as possessing school level qualifications and 29.2% 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 5, Gillies Street, Newcastle Upon Tyne, the average age was 39.1 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 5, Gillies Street, Newcastle Upon Tyne, 11.4% 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 5, Gillies Street, Newcastle Upon Tyne, there are an average of 0.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.