According to the public record, 57, Shortridge Terrace, Newcastle Upon Tyne is a period leasehold apartment with 1,302 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Shortridge Terrace, Newcastle Upon Tyne, NE2 is located in the borough of Newcastle upon Tyne within the NE2 postal district.
57, Shortridge Terrace, Newcastle Upon Tyne has 61 entries in the Land Registry database, most recently in December 2021 and a single entry in the EPC database dated October 2018.
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 57 Shortridge Terrace Newcastle Upon Tyne as £259,675 and the rental value as £1,401 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 57 Shortridge Terrace Newcastle Upon Tyne has increased by £8,928 (3.4%) and its rental value has increased by £143 per month (10.2%).
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 57, Shortridge Terrace, Newcastle Upon Tyne is in very good condition we estimate a sale value of £272,659 and rental value of £1,471 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £241,498 and a rental value of £1,303 per month.
If you were able to purchase this property for the estimated value of £259,675, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,276 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, 57, Shortridge Terrace, Newcastle Upon Tyne was last sold on 02 Dec 2021 for £196,750 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
Since Dec 2021, the market for similar properties has risen 10.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 57, Shortridge Terrace, Newcastle Upon Tyne within a radius of 460 metres over the last 2 years.
The most recent example is 45, Deuchar Street, Newcastle Upon Tyne, NE2 1JX, a Leasehold flat which sold for £302,000 in Jul 2019.
Read more about house prices in NE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Shortridge Terrace, Newcastle Upon Tyne, NE2 has a total of 123 addresses. According to our analysis of all the public data, 57, Shortridge Terrace, Newcastle Upon Tyne is the 17th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £63k less expensive than the average property in NE2.
57, Shortridge Terrace, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Oct 2018.
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 57, Shortridge Terrace, Newcastle Upon Tyne is Manors station which is 1.8 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 57, Shortridge Terrace, Newcastle Upon Tyne, 50.8% of property is privately rented and 30.2% 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 57, Shortridge Terrace, Newcastle Upon Tyne, 57.3% of residents are recorded as possessing school level qualifications and 42.0% 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 57, Shortridge Terrace, Newcastle Upon Tyne, the average age was 30.5 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 57, Shortridge Terrace, Newcastle Upon Tyne, 0.6% 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 57, Shortridge Terrace, Newcastle Upon Tyne, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.