According to the public record, 8, Hole Lane, Newcastle Upon Tyne is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,815 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Hole Lane, Sunniside, Newcastle Upon Tyne, NE16 is located in the borough of Gateshead within the NE16 postal district.
8, Hole Lane, Newcastle Upon Tyne has a single entry in the Land Registry database from June 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 8 Hole Lane Newcastle Upon Tyne as £340,979 and the rental value as £1,769 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 8 Hole Lane Newcastle Upon Tyne has decreased by £1,081 (0.3%) and its rental value has increased by £143 per month (8.1%).
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 8, Hole Lane, Newcastle Upon Tyne is in very good condition we estimate a sale value of £358,028 and rental value of £1,857 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £317,111 and a rental value of £1,645 per month.
If you were able to purchase this property for the estimated value of £340,979, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,676 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, 8, Hole Lane, Newcastle Upon Tyne was last sold on 24 Jun 2021 for £425,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2021, the market for similar properties has risen 12.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Hole Lane, Newcastle Upon Tyne within a radius of 850 metres over the last 2 years.
The most recent example is Fairmont, Gateshead Road, Newcastle Upon Tyne, NE16 5LG, a Freehold house which sold for £325,000 in Mar 2020.
Read more about house prices in NE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hole Lane, Sunniside, Newcastle Upon Tyne, NE16 has a total of 38 addresses. According to our analysis of all the public data, 8, Hole Lane, Newcastle Upon Tyne is the 3rd largest and the 13th most expensive property on the street.
When compared to the postcode district it is £118k more expensive than the average property in NE16.
The closest station to 8, Hole Lane, Newcastle Upon Tyne is Dunston station which is 3.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Hole Lane, Newcastle Upon Tyne, 59.1% of property is privately owned outright and 33.9% 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 8, Hole Lane, Newcastle Upon Tyne, 14.7% of residents are recorded as possessing school level qualifications and 34.1% 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 8, Hole Lane, Newcastle Upon Tyne, the average age was 43.3 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 8, Hole Lane, 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 8, Hole Lane, Newcastle Upon Tyne, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.