According to the public record, 8, Kingsmere Gardens, Newcastle Upon Tyne is a modern leasehold apartment and with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Kingsmere Gardens, Newcastle Upon Tyne, NE6 is located in the borough of Newcastle upon Tyne within the NE6 postal district.
8, Kingsmere Gardens, Newcastle Upon Tyne has 3 entries in the Land Registry database, most recently in August 2020 and no records in the EPC database.
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 8 Kingsmere Gardens Newcastle Upon Tyne as £50,370 and the rental value as £405 per month giving an expected gross yield of 9.6%.
Over the last 12 months the sale value of 8 Kingsmere Gardens Newcastle Upon Tyne has increased by £1,657 (3.3%) and its rental value has increased by £38 per month (9.4%).
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 8, Kingsmere Gardens, Newcastle Upon Tyne is in very good condition we estimate a sale value of £52,889 and rental value of £425 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £46,845 and a rental value of £376 per month.
If you were able to purchase this property for the estimated value of £50,370, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £248 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, Kingsmere Gardens, Newcastle Upon Tyne was last sold on 13 Aug 2020 for £45,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2020, the market for similar properties has risen 12.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Kingsmere Gardens, Newcastle Upon Tyne within a radius of 59m over the last 2 years.
The most recent example is 22, Kingsmere Gardens, Newcastle Upon Tyne, NE6 3NP, a Leasehold flat which sold for £60,000 in Apr 2024.
Read more about house prices in NE6.
Kingsmere Gardens, Newcastle Upon Tyne, NE6 has a total of 94 addresses. According to our analysis of all the public data, 8, Kingsmere Gardens, Newcastle Upon Tyne is the 49th largest and the 64th most expensive property on the street.
When compared to the postcode district it is £128k less expensive than the average property in NE6.
8, Kingsmere Gardens, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Jun 2019.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 8, Kingsmere Gardens, Newcastle Upon Tyne is Heworth station which is 2.1 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 8, Kingsmere Gardens, Newcastle Upon Tyne, 38.6% of property is privately owned outright and 27.3% 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, Kingsmere Gardens, Newcastle Upon Tyne, 11.8% of residents are recorded as possessing school level qualifications and 23.5% 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, Kingsmere Gardens, Newcastle Upon Tyne, the average age was 38.6 and the most common age was 7.
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, Kingsmere Gardens, 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 8, Kingsmere Gardens, 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.