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According to the public record, 2, Pear Tree Lane, Newcastle is a mid-century leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Pear Tree Lane, Newcastle is £70,487 and the estimated rental value is £579 per month.
The apartment is within 2, Pear Tree Lane, Newcastle, ST5.
Pear Tree Lane, Newcastle, ST5 is located in the borough of Newcastle-under-Lyme within the ST5 postal district.
2, Pear Tree Lane, Newcastle has a single entry in the Land Registry from August 2014 and a single entry in the EPC database dated April 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 2, Pear Tree Lane, Newcastle is in very good condition we estimate a sale value of £74,011 and a rental value of £608 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £65,553 and a rental value of £538 per month.
Over the last 12 months the sale value of 2 Pear Tree Lane Newcastle has increased by an estimated £2,303 (3.3%) and its rental value has increased by an estimated £18 per month (3.2%), giving an expected gross yield of 9.9%.
2, Pear Tree Lane, Newcastle has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Apr 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Pear Tree Lane, Newcastle was last sold on 15th August 2014 for £47,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since August 2014, the market for similar properties has risen 62.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Pear Tree Lane, Newcastle within a radius of 780 metres over the last 2 years.
The most recent example is 9, Cresswell Avenue, Newcastle, ST5 7TR, a leasehold flat which sold for £50,000 on the 8th December 2017.
Read more about house prices in ST5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pear Tree Lane, Newcastle, ST5 has a total of 75 addresses. According to our analysis of all the public data, 2, Pear Tree Lane, Newcastle is the 66th largest and the 73rd most expensive property on the street.
When compared to the postcode district it is £102k less expensive than the average property in ST5.
The closest station to 2, Pear Tree Lane, Newcastle is Longport station which is 3.0 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
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 2, Pear Tree Lane, Newcastle, 41.2% of property is socially rented and 20.6% is privately owned with a mortgage.
The graph below shows how this compares to West Midlands 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, Pear Tree Lane, Newcastle, 27.6% of residents are recorded as possessing school level qualifications and 14.2% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Pear Tree Lane, Newcastle, the average age was 39.3 and the most common age was 32.
The graph below shows how this compares to West Midlands 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, Pear Tree Lane, Newcastle, 0.0% of property was a second home.
Comparison figures for West Midlands 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, Pear Tree Lane, Newcastle, there are an average of 0.9 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
