2, Friars Way
2, Friars Way
Description & Estimates
The public record lists 2, Friars Way, Newcastle Upon Tyne as a leasehold house.
Comparison with its neighbours suggests a modern house with 742 ft2 of internal area and a garden.
In this area, houses of this size normally have 3 bedrooms.
2, Friars Way, Newcastle Upon Tyne has an estimated sale value of £152,654 and an estimated rental value of £1,108 per month, assuming reasonable condition and based on the information available.
Friars Way, Newcastle Upon Tyne, NE5 lies in the borough of Newcastle upon Tyne, within the NE5 postal district.
Our Data Sources
2, Friars Way, Newcastle Upon Tyne has 41 entries in the Land Registry , most recently in January 2008 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.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 2, Friars Way, Newcastle Upon Tyne would be worth £160,287, with a potential rental value of £1,164 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £141,969, with a rental value of £1,031 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 2, Friars Way, Newcastle Upon Tyne has moved up by £1,951 (1.3%) over the last year. During the same period, its estimated monthly rental value has increased by £38 (3.4%). The property's estimated gross yield is currently 8.7%.
Sold Prices
2, Friars Way, Newcastle Upon Tyne last changed hands on 25th January 2008, selling for £112,950. The transaction was logged as a leasehold house by HM Land Registry.
In total it has sold 4 times since 1995.
The market for similar properties has risen by 7.7% since January 2008.
- Sold Jan 2008£112,950
- Sold Jun 2005£105,000
- Sold May 2001£48,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 560 metres of 2, Friars Way, Newcastle Upon Tyne across the last 2 years.
Most recently, 4, Friars Way, Newcastle Upon Tyne, NE5 2EX, a leasehold house, sold at £120,000 on the 6th June 2025.
Read more about house prices in NE5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 2, Friars Way, Newcastle Upon Tyne as the 31st largest and the 31st most expensive of the 49 addresses on Friars Way, Newcastle Upon Tyne, NE5.
Against the NE5 postcode district average, it is £7k less expensive than the typical property.
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Schools Nearby
- 300mStocksfield Avenue Primary School
- 500mEnglish Martyrs' Catholic Primary School, Fenham
- 900mThomas Walling Primary Academy
- 600mSt Cuthbert's High School
- 1.0kmSacred Heart Catholic High School
- 1.9kmStudio West
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Public Transport Nearby
MetroCentre station is the nearest stop to 2, Friars Way, Newcastle Upon Tyne at 2.9 kilometres away.
- 2.9kmMetroCentre
- 3.3kmBlaydon
- 4.0kmNewcastle
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
