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2 Newman Terrace is a residential building situated on Newman Terrace, Gateshead, NE8 with 3 addresses.
It ranks as the 323rd largest and 20th most expensive of the 435 buildings in the NE8 area. The dominant property type is a early-century flat built between 1912 and 1935.
The building contains a total of 3 properties: 3 flats.
2 Newman Terrace is a residential building situated on Newman Terrace, Gateshead, NE8 with 3 addresses.
It ranks as the 323rd largest and 20th most expensive of the 435 buildings in the NE8 area. The dominant property type is a early-century flat built between 1912 and 1935.
The building contains a total of 3 properties: 3 flats.
Sale prices range from £55,801 for 2 bedroom leasehold flats (688 ft2) to £97,488 for 3 bedroom leasehold flats (828 ft2) .
Monthly rental prices range from £570 pcm for 2 bed flats to £903 pcm for 3 bed flats.
The gross rental yield is between 11.1% and 12.5%.
The average value per square foot is £81.
The last sale in 2 Newman Terrace sold for £54,000 on 4th August 2011. Since then prices are up an average of 10.8%.
The current average value in the building is £71,459.
The 2 Newman Terrace Sales Market has increased by 10.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.5% | £71,459 |
| April 2025 | 0.1% | £71,078 |
| April 2024 | 0.9% | £71,041 |
| April 2023 | 3.6% | £70,416 |
| April 2022 | 3.1% | £67,982 |
| April 2021 | 1.5% | £65,916 |
| April 2020 | 0.4% | £64,910 |
| April 2019 | -1.1% | £64,632 |
| April 2018 | 0.8% | £65,325 |
| April 2017 | 0.3% | £64,791 |
| April 2016 | -0.2% | £64,589 |
| April 2015 | 0.5% | £64,746 |
| April 2014 | 1.4% | £64,418 |
| April 2013 | -0.5% | £63,535 |
| April 2012 | -1% | £63,847 |
| April 2011 | -5.1% | £64,468 |
| April 2010 | 0.1% | £67,933 |
| April 2009 | -13.3% | £67,863 |
| April 2008 | -0.7% | £78,286 |
| April 2007 | 0% | £78,822 |
The current average rental value in the building is £703.
The 2 Newman Terrace Rental Market has increased by 38.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.5% | £703pcm |
| April 2025 | 3.5% | £686pcm |
| April 2024 | 9.3% | £663pcm |
| April 2023 | 8.5% | £606pcm |
| April 2022 | 9.2% | £559pcm |
| April 2021 | 0.5% | £512pcm |
| April 2020 | 2.1% | £509pcm |
| April 2019 | -0.9% | £499pcm |
| April 2018 | -1.6% | £503pcm |
| April 2017 | 0.8% | £511pcm |
| April 2016 | 0.5% | £507pcm |
| April 2015 | 0.8% | £505pcm |
| April 2014 | 0.6% | £501pcm |
| April 2013 | -0.9% | £498pcm |
| April 2012 | -1.2% | £502pcm |
| April 2011 | 1.7% | £508pcm |
| April 2010 | -2% | £500pcm |
| April 2009 | -3.3% | £510pcm |
| April 2008 | 2.2% | £528pcm |
| April 2007 | 0% | £516pcm |
The last sale was on 4th August 2011 for £54,000 and since then the market in the area has increased by 10.8%. The building has had a total of 1 sales since 1995.
2, Newman Terrace, Gateshead, NE8 3XA has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 2, Newman Terrace, Gateshead, NE8 3XA is Newcastle station which is 2.5 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Newman Terrace, Gateshead, NE8 3XA, 49.0% of property is privately rented and 28.4% is socially rented.
The graph below shows how this compares to North East 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 2, Newman Terrace, Gateshead, NE8 3XA, 18.3% of residents are recorded as possessing school level qualifications and 21.7% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Newman Terrace, Gateshead, NE8 3XA, the average age was 38.5 and the most common age was 27.
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 2, Newman Terrace, Gateshead, NE8 3XA, 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 2, Newman Terrace, Gateshead, NE8 3XA, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.