28, Chestnut Close
28, Chestnut Close
Description & Estimates
The public record describes 28, Chestnut Close, Newcastle Upon Tyne as a modern apartment with 548 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
28, Chestnut Close, Newcastle Upon Tyne has an estimated sale value of £71,459 and an estimated rental value of £608 per month, assuming reasonable condition and based on the information available.
Chestnut Close, Newcastle Upon Tyne, NE12 lies in the borough of North Tyneside, within the NE12 postal district.
Our Data Sources
28, Chestnut Close, Newcastle Upon Tyne has no records in the the Land Registry and a single entry in the EPC database dated May 2018.
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
In very good condition, we estimate 28, Chestnut Close, Newcastle Upon Tyne would be worth £75,032, with a potential rental value of £638 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £66,457, with a rental value of £565 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 28, Chestnut Close, Newcastle Upon Tyne has fallen by £489 (0.7%) over the last year. During the same period, its estimated monthly rental value has moved up by £13 (2.2%). The property's estimated gross yield is currently 10.2%.
Energy Efficiency
28, Chestnut Close, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 May 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 630 metres of 28, Chestnut Close, Newcastle Upon Tyne across the last 2 years.
Most recently, Flat, Grey Horse , Front Street, Newcastle Upon Tyne, NE12 5UT, a leasehold flat, sold at £170,000 on the 8th November 2021.
Read more about house prices in NE12.
- Sold Nov 2021£170,000 | 2 Bed FlatGrey Horse , Front StreetFlat, Grey Horse , Front Street, Newcastle Upon Tyne, NE12 5UT
- Sold Feb 2016£55,000 | 2 Bed FlatBannockburn66, Bannockburn, Newcastle Upon Tyne, NE12 6QJ
- Sold Feb 2015£45,000 | 2 Bed FlatFront Street19, Front Street, Newcastle Upon Tyne, NE12 5UT
•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 28, Chestnut Close, Newcastle Upon Tyne as the 21st largest and the 23rd most expensive of the 35 addresses on Chestnut Close, Newcastle Upon Tyne, NE12.
Against the NE12 postcode district average, it is £134k less expensive than the typical property.
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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
Northumberland Park (Tyne & Wear) station is the nearest stop to 28, Chestnut Close, Newcastle Upon Tyne at 3.8 kilometres away.
- 3.8kmNorthumberland Park (Tyne & Wear)
- 5.0kmSeaton Delaval
- 5.6kmCramlington
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.
