According to the public record, 61, Magnolia Drive, Newcastle Upon Tyne is a modern freehold house and with 613 ft2 of internal area and sits on a 124 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Magnolia Drive, Newcastle Upon Tyne, NE5 is located in the borough of Newcastle upon Tyne within the NE5 postal district.
61, Magnolia Drive, Newcastle Upon Tyne has a single entry in the Land Registry database from March 2021 and a single entry in the EPC database dated February 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 good condition, we estimate the current sale value for 61 Magnolia Drive Newcastle Upon Tyne as £180,306 and the rental value as £1,019 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 61 Magnolia Drive Newcastle Upon Tyne has increased by £5,256 (2.9%) and its rental value has increased by £102 per month (10.0%).
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 61, Magnolia Drive, Newcastle Upon Tyne is in very good condition we estimate a sale value of £189,322 and rental value of £1,070 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £167,685 and a rental value of £948 per month.
If you were able to purchase this property for the estimated value of £180,306, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £886 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, 61, Magnolia Drive, Newcastle Upon Tyne sits on a plot of 124m2.
We have plot size data on 88 out of 91 other houses in the postcode and 61, Magnolia Drive, Newcastle Upon Tyne sits on the 63rd largest plot.
According to HM Land Registry, 61, Magnolia Drive, Newcastle Upon Tyne was last sold on 19 Mar 2021 for £146,296 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2021, the market for similar properties has risen 17.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 61, Magnolia Drive, Newcastle Upon Tyne within a radius of 23m over the last 2 years.
The most recent example is 69, Magnolia Drive, Newcastle Upon Tyne, NE5 3QF, a Freehold house which sold for £141,995 in Mar 2021.
Read more about house prices in NE5.
Magnolia Drive, Newcastle Upon Tyne, NE5 has a total of 131 addresses. According to our analysis of all the public data, 61, Magnolia Drive, Newcastle Upon Tyne is the 122nd largest and the 124th most expensive property on the street.
When compared to the postcode district it is £25k more expensive than the average property in NE5.
61, Magnolia Drive, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Feb 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 61, Magnolia Drive, Newcastle Upon Tyne is MetroCentre station which is 4.1 km 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 61, Magnolia Drive, Newcastle Upon Tyne, 41.6% of property is privately owned outright and 32.7% 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 61, Magnolia Drive, Newcastle Upon Tyne, 16.6% of residents are recorded as possessing school level qualifications and 20.9% 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 61, Magnolia Drive, Newcastle Upon Tyne, the average age was 39.1 and the most common age was 27.
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 61, Magnolia Drive, 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 61, Magnolia Drive, Newcastle Upon Tyne, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.