4, Wells Close
4, Wells Close
Description & Estimates
According to the public record, 4, Wells Close, Newcastle Upon Tyne is a modern leasehold house with 688 ft2 of internal area.
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 4, Wells Close, Newcastle Upon Tyne is £268,728 and the estimated rental value is £1,424 per month.
Wells Close, Newcastle Upon Tyne, NE7 is located in the borough of Newcastle upon Tyne within the NE7 postal district.
Our Data Sources
4, Wells Close, Newcastle Upon Tyne has 41 entries in the Land Registry , most recently in August 2019 and a single entry in the EPC database dated May 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 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 4, Wells Close, Newcastle Upon Tyne is in very good condition we estimate a sale value of £282,164 and a rental value of £1,495 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £249,917 and a rental value of £1,325 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 4, Wells Close, Newcastle Upon Tyne has increased by £3,854 (1.4%), while its estimated rental value has grown by £58 per month (4.1%). Based on current estimates, the property offers a gross rental yield of 6.4%.
Energy Efficiency
4, Wells Close, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 May 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 4, Wells Close, Newcastle Upon Tyne was last sold on 30th August 2019 for £225,000 and was recorded as a leasehold house.
The property has had 4 sales since 1995.
Since August 2019, the market for similar properties has dropped by 24.8%.
- Sold Aug 2019£225,000
- Sold Sep 2004£249,950
- Sold Mar 2003£157,950
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Wells Close, Newcastle Upon Tyne within a radius of 730 metres over the last 2 years.
The most recent example is 9, Old Campus Close, Newcastle Upon Tyne, NE7 7QB, a freehold house which sold for £184,000 on the 29th November 2024.
Read more about house prices in NE7.
- Sold Nov 2024£184,000 | 3 Bed HouseOld Campus Close9, Old Campus Close, Newcastle Upon Tyne, NE7 7QB
- Sold Oct 2024£270,000 | 3 Bed HouseWestminster Way8, Westminster Way, Newcastle Upon Tyne, NE7 7YU
- Sold Dec 2021£265,000 | 2 Bed HouseWestminster Way25, Westminster Way, Newcastle Upon Tyne, NE7 7YU
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Wells Close, Newcastle Upon Tyne, NE7 has a total of 10 addresses. According to our analysis of all the public data, 4, Wells Close, Newcastle Upon Tyne is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £86k more expensive than the average property in NE7.
More reading links
Schools Nearby
- 500mBenton Park Primary School
- 1.1kmSt Stephen's Catholic Primary School, Newcastle
- 1.1kmSt Bartholomew's Church of England Primary School (Aided)
- 1.5kmSt Mary's Catholic School
- 1.5kmJesmond Park Academy
- 1.7kmLongbenton High School
More reading links
Public Transport Nearby
The closest station to 4, Wells Close, Newcastle Upon Tyne is Manors station, which is 4.0 kilometres away.
- 4.0kmManors
- 4.7kmNorthumberland Park (Tyne & Wear)
- 4.9kmNewcastle
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.
