According to the public record, Flat 17, Waverley Lodge 162-170, Newcastle Upon Tyne is a modern leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Waverley Lodge, Sandyford Road, Newcastle Upon Tyne, NE2.
Sandyford Road, Newcastle Upon Tyne, NE2 is located in the borough of Newcastle upon Tyne within the NE2 postal district.
Flat 17, Waverley Lodge 162-170, Newcastle Upon Tyne has a single entry in the Land Registry database from August 2017 and a single entry in the EPC database dated September 2014.
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 Flat 17 Waverley Lodge 162-170 Newcastle Upon Tyne as £125,318 and the rental value as £978 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of Flat 17 Waverley Lodge 162-170 Newcastle Upon Tyne has increased by £2,487 (2.0%) and its rental value has increased by £82 per month (8.3%).
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 Flat 17, Waverley Lodge 162-170, Newcastle Upon Tyne is in very good condition we estimate a sale value of £131,584 and rental value of £1,027 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £116,546 and a rental value of £910 per month.
If you were able to purchase this property for the estimated value of £125,318, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £616 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, Flat 17, Waverley Lodge 162-170, Newcastle Upon Tyne was last sold on 30 Aug 2017 for £58,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2017, the market for similar properties has risen 13.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 17, Waverley Lodge 162-170, Newcastle Upon Tyne within a radius of 400 metres over the last 2 years.
The most recent example is Flat 15, Waverley Lodge 162-170, Sandyford Road, Newcastle Upon Tyne, NE2 1XG, a Leasehold flat which sold for £66,500 in Jul 2022.
Read more about house prices in NE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sandyford Road, Newcastle Upon Tyne, NE2 has a total of 98 addresses. According to our analysis of all the public data, Flat 17, Waverley Lodge 162-170, Newcastle Upon Tyne is the 52nd largest and the 58th most expensive property on the street.
When compared to the postcode district it is £198k less expensive than the average property in NE2.
Flat 17, Waverley Lodge 162-170, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Sep 2014.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Flat 17, Waverley Lodge 162-170, Newcastle Upon Tyne is Manors station which is 1.0 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 Flat 17, Waverley Lodge 162-170, Newcastle Upon Tyne, 61.8% of property is privately rented and 15.3% is privately owned outright.
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 Flat 17, Waverley Lodge 162-170, Newcastle Upon Tyne, 46.8% of residents are recorded as possessing school level qualifications and 41.7% 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 Flat 17, Waverley Lodge 162-170, Newcastle Upon Tyne, the average age was 32.1 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 Flat 17, Waverley Lodge 162-170, 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 Flat 17, Waverley Lodge 162-170, 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.