2, Spires Lane
2, Spires Lane
Description & Estimates
According to the public record, 2, Spires Lane, Newcastle Upon Tyne is a mid-century freehold house with 968 ft2 of internal area and sits on a 103 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Spires Lane, Newcastle Upon Tyne is £87,163 and the estimated rental value is £634 per month.
Spires Lane, Newcastle Upon Tyne, NE6 is located in the borough of Newcastle upon Tyne within the NE6 postal district.
Our Data Sources
2, Spires Lane, Newcastle Upon Tyne has 2 entries in the Land Registry , most recently in November 2023 and a single entry in the EPC database dated September 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
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, Spires Lane, Newcastle Upon Tyne is in very good condition we estimate a sale value of £91,521 and a rental value of £665 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £81,061 and a rental value of £589 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 2, Spires Lane, Newcastle Upon Tyne has risen by £1,250 (1.4%), while its estimated rental value has moved up by £26 per month (4.1%). Based on current estimates, the property offers a gross rental yield of 8.7%.
Plot Size
According to data from HM Land Registry, 2, Spires Lane, Newcastle Upon Tyne sits on a plot of 103 m2.
We have plot size data on 12 out of 20 other houses in the postcode and 2, Spires Lane, Newcastle Upon Tyne sits on the 3rd largest plot.
Energy Efficiency
2, Spires Lane, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Sep 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
Sold Prices
According to HM Land Registry, 2, Spires Lane, Newcastle Upon Tyne was last sold on 3rd November 2023 for £78,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since November 2023, the market for similar properties has risen by 135.9%.
- Sold Nov 2023£78,000
- Sold Sep 2007£87,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Spires Lane, Newcastle Upon Tyne within a radius of 450 metres over the last 2 years.
The most recent example is 1, Spires Lane, Newcastle Upon Tyne, NE6 2NT, a freehold house which sold for £75,000 on the 19th June 2023.
Read more about house prices in NE6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Spires Lane, Newcastle Upon Tyne, NE6 has a total of 22 addresses. According to our analysis of all the public data, 2, Spires Lane, Newcastle Upon Tyne is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £96k less expensive than the average property in NE6.
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Schools Nearby
- 100mSt Lawrence's Catholic Primary School
- 500mByker Primary School
- 600mWelbeck Academy
- 1.9kmBenfield School
- 1.9kmWalker Riverside Academy
- 2.3kmJesmond Park Academy
More reading links
Public Transport Nearby
The closest station to 2, Spires Lane, Newcastle Upon Tyne is Manors station, which is 2.0 kilometres away.
- 2.0kmManors
- 2.9kmNewcastle
- 2.9kmHeworth
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
