24, Chestnut Close
24, Chestnut Close
Description & Estimates
24, Chestnut Close, Newcastle Upon Tyne is described in the public record as a modern apartment with 538 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 24, Chestnut Close, Newcastle Upon Tyne is £70,861 and its rental estimate is £603 per month, given the available information and assuming reasonable condition.
Chestnut Close, Newcastle Upon Tyne, NE12 falls within the NE12 postal district, in the borough of North Tyneside.
Our Data Sources
24, Chestnut Close, Newcastle Upon Tyne has no records in the the Land Registry and a single entry in the EPC database dated February 2013.
We combine this information with public data 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.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 24, Chestnut Close, Newcastle Upon Tyne, we estimate a market value of £74,404 and a rental value of £633 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £65,901 and £561 per month respectively.
Recent Market Change
Over the last year, 24, Chestnut Close, Newcastle Upon Tyne has seen its estimated sale value decline by £485 (0.7%) and its estimated rental value climb by £13 per month (2.2%). This results in an estimated gross rental yield of 10.2%.
Energy Efficiency
24, Chestnut Close, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Feb 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Similar Properties Sold Nearby
Over the past 2 years 2 properties similar to 24, Chestnut Close, Newcastle Upon Tyne have sold within a radius of 630 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 8th November 2021, was Flat, Grey Horse , Front Street, Newcastle Upon Tyne, NE12 5UT, a leasehold flat which sold for £170,000.
Read more about house prices in NE12.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 35 addresses on Chestnut Close, Newcastle Upon Tyne, NE12, 24, Chestnut Close, Newcastle Upon Tyne comes out as the 32nd largest and the 32nd most expensive in our analysis of the public data.
It is also £134k less expensive than the average property across the NE12 district.
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Schools Nearby
- 400mGrasmere Academy
- 400mBailey Green Primary School
- 700mBurradon Community Primary School
- 1.0kmGeorge Stephenson High School
- 2.3kmLongbenton High School
- 3.4kmNorth Gosforth Academy
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Public Transport Nearby
From 24, Chestnut Close, Newcastle Upon Tyne, the nearest station is Northumberland Park (Tyne & Wear), 3.8 kilometres away.
- 3.8kmNorthumberland Park (Tyne & Wear)
- 5.0kmSeaton Delaval
- 5.6kmCramlington
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
