According to the public record, 7, Springbank Road, Newcastle Upon Tyne is a period freehold house with 1,184 ft2 of internal area and sits on a 106 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Springbank Road, Newcastle Upon Tyne, NE2 is located in the borough of Newcastle upon Tyne within the NE2 postal district.
7, Springbank Road, Newcastle Upon Tyne has a single entry in the Land Registry database from June 2006 and a single entry in the EPC database dated November 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 7 Springbank Road Newcastle Upon Tyne as £287,633 and the rental value as £2,232 per month giving an expected gross yield of 9.3%.
Over the last 12 months the sale value of 7 Springbank Road Newcastle Upon Tyne has increased by £13,333 (4.6%) and its rental value has increased by £253 per month (11.4%).
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 7, Springbank Road, Newcastle Upon Tyne is in very good condition we estimate a sale value of £302,015 and rental value of £2,344 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £267,499 and a rental value of £2,076 per month.
If you were able to purchase this property for the estimated value of £287,633, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,414 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, 7, Springbank Road, Newcastle Upon Tyne sits on a plot of 106m2.
We have plot size data on 28 out of 34 other houses in the postcode and 7, Springbank Road, Newcastle Upon Tyne sits on the 36th largest plot.
According to HM Land Registry, 7, Springbank Road, Newcastle Upon Tyne was last sold on 23 Jun 2006 for £195,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Springbank Road, Newcastle Upon Tyne within a radius of 410 metres over the last 2 years.
The most recent example is 50, Amble Grove, Newcastle Upon Tyne, NE2 1NY, a Freehold house which sold for £301,000 in Oct 2022.
Read more about house prices in NE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springbank Road, Newcastle Upon Tyne, NE2 has a total of 73 addresses. According to our analysis of all the public data, 7, Springbank Road, Newcastle Upon Tyne is the 24th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £35k less expensive than the average property in NE2.
7, Springbank Road, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Nov 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 7, Springbank Road, Newcastle Upon Tyne is Manors station which is 1.3 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 7, Springbank Road, Newcastle Upon Tyne, 50.4% of property is privately rented and 20.0% 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 7, Springbank Road, Newcastle Upon Tyne, 45.0% of residents are recorded as possessing school level qualifications and 42.3% 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 7, Springbank Road, 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 7, Springbank Road, Newcastle Upon Tyne, 1.0% 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 7, Springbank Road, Newcastle Upon Tyne, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.