According to the public record, 691, Welbeck Road, Newcastle Upon Tyne is a period leasehold apartment with 1,108 ft2 of internal area.
Apartments of this size in this area normally have 4 bedrooms with a garden.
Welbeck Road, Newcastle Upon Tyne, NE6 is located in the borough of Newcastle upon Tyne within the NE6 postal district.
691, Welbeck Road, Newcastle Upon Tyne has 2 entries in the Land Registry database, most recently in February 2022 and a single entry in the EPC database dated March 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 reasonable condition, we estimate the current sale value for 691 Welbeck Road Newcastle Upon Tyne as £99,170 and the rental value as £743 per month giving an expected gross yield of 9%.
Over the last 12 months the sale value of 691 Welbeck Road Newcastle Upon Tyne has increased by £3,582 (3.6%) and its rental value has increased by £71 per month (9.6%).
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 691, Welbeck Road, Newcastle Upon Tyne is in very good condition we estimate a sale value of £104,129 and rental value of £781 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £92,229 and a rental value of £691 per month.
If you were able to purchase this property for the estimated value of £99,170, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £487 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, 691, Welbeck Road, Newcastle Upon Tyne was last sold on 10 Feb 2022 for £90,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2022, the market for similar properties has risen 8.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 691, Welbeck Road, Newcastle Upon Tyne within a radius of 430 metres over the last 2 years.
The most recent example is 579, Welbeck Road, Newcastle Upon Tyne, NE6 3AA, a Leasehold flat which sold for £115,000 in Dec 2022.
Read more about house prices in NE6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Welbeck Road, Newcastle Upon Tyne, NE6 has a total of 477 addresses. According to our analysis of all the public data, 691, Welbeck Road, Newcastle Upon Tyne is the 75th largest and the 180th most expensive property on the street.
When compared to the postcode district it is £79k less expensive than the average property in NE6.
691, Welbeck Road, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Mar 2021.
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 691, Welbeck Road, Newcastle Upon Tyne is Heworth station which is 2.8 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 691, Welbeck Road, Newcastle Upon Tyne, 36.2% of property is socially rented and 25.2% 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 691, Welbeck Road, Newcastle Upon Tyne, 12.4% of residents are recorded as possessing school level qualifications and 22.7% 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 691, Welbeck Road, Newcastle Upon Tyne, the average age was 42.6 and the most common age was 57.
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 691, Welbeck Road, 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 691, Welbeck Road, Newcastle Upon Tyne, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.