3, Spalding Close
3, Spalding Close
Description & Estimates
3, Spalding Close, Newcastle Upon Tyne is described in the public record as a mid-century house with 656 ft2 of internal area, sitting on a 212 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 3, Spalding Close, Newcastle Upon Tyne is £159,403 and its rental estimate is £1,182 per month, given the available information and assuming reasonable condition.
Spalding Close, Newcastle Upon Tyne, NE7 falls within the NE7 postal district, in the borough of Newcastle upon Tyne.
Our Data Sources
3, Spalding Close, Newcastle Upon Tyne has no records in the the Land Registry and a single entry in the EPC database dated March 2023.
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 3, Spalding Close, Newcastle Upon Tyne, we estimate a market value of £167,374 and a rental value of £1,241 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £148,245 and £1,099 per month respectively.
Recent Market Change
Over the last year, 3, Spalding Close, Newcastle Upon Tyne has seen its estimated sale value move up by £2,873 (1.8%) and its estimated rental value increase by £53 per month (4.5%). This results in an estimated gross rental yield of 8.9%.
Plot Size
HM Land Registry records the plot of land for 3, Spalding Close, Newcastle Upon Tyne as measuring 212 m2.
That makes it the 3rd largest plot in the postcode, where all 4 other houses have recorded plot data.
Energy Efficiency
3, Spalding Close, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Mar 2023.
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
Over the past 2 years 1 property similar to 3, Spalding Close, Newcastle Upon Tyne has sold within a radius of 700 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 11th September 2020, was 22, Knowle Place, Newcastle Upon Tyne, NE12 8JN, a freehold house which sold for £104,000.
Read more about house prices in NE7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 4 addresses on Spalding Close, Newcastle Upon Tyne, NE7, 3, Spalding Close, Newcastle Upon Tyne comes out as the 4th largest and the 4th most expensive in our analysis of the public data.
It is also £24k less expensive than the average property across the NE7 district.
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Schools Nearby
- 400mBenton Park Primary School
- 900mSt Stephen's Catholic Primary School, Newcastle
- 900mSt Bartholomew's Church of England Primary School (Aided)
- 1.3kmSt Mary's Catholic School
- 1.4kmLongbenton High School
- 1.6kmJesmond Park Academy
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Public Transport Nearby
From 3, Spalding Close, Newcastle Upon Tyne, the nearest station is Manors, 4.1 kilometres away.
- 4.1kmManors
- 4.6kmNorthumberland Park (Tyne & Wear)
- 5.0kmNewcastle
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
