40, Meldon Terrace
40, Meldon Terrace
Description & Estimates
40, Meldon Terrace, Newcastle Upon Tyne is recorded publicly as a period leasehold apartment across 839 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 40, Meldon Terrace, Newcastle Upon Tyne is £157,445 and its rental estimate is £1,173 per month, given the available information and assuming reasonable condition.
Meldon Terrace, Newcastle Upon Tyne, NE6 falls within the NE6 postal district, in the borough of Newcastle upon Tyne.
Our Data Sources
40, Meldon Terrace, Newcastle Upon Tyne has 2 entries in the Land Registry , most recently in September 2023 and a single entry in the EPC database dated August 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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 40, Meldon Terrace, Newcastle Upon Tyne, we estimate a market value of £165,317 and a rental value of £1,232 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £146,424 and £1,091 per month respectively.
Recent Market Change
Over the last year, 40, Meldon Terrace, Newcastle Upon Tyne has seen its estimated sale value move up by £1,820 (1.2%) and its estimated rental value increase by £43 per month (3.7%). This results in an estimated gross rental yield of 8.9%.
Energy Efficiency
40, Meldon Terrace, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Aug 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 40, Meldon Terrace, Newcastle Upon Tyne completed on 22nd September 2023 at £170,250 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 12.0% over the period since September 2023.
- Sold Sep 2023£170,250
- Sold May 2020£119,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 40, Meldon Terrace, Newcastle Upon Tyne have sold within a radius of 380 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th October 2024, was 6, King John Terrace, Newcastle Upon Tyne, NE6 5XY, a leasehold flat which sold for £167,500.
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
Of the 129 addresses on Meldon Terrace, Newcastle Upon Tyne, NE6, 40, Meldon Terrace, Newcastle Upon Tyne comes out as the 92nd largest and the 91st most expensive in our analysis of the public data.
It is also £26k less expensive than the average property across the NE6 district.
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Schools Nearby
- 100mSt Teresa's Catholic Primary School, Heaton
- 200mChillingham Road Primary School
- 800mRavenswood Primary School
- 1.2kmJesmond Park Academy
- 1.5kmBenfield School
- 2.3kmWalker Riverside Academy
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Public Transport Nearby
From 40, Meldon Terrace, Newcastle Upon Tyne, the nearest station is Manors, 2.0 kilometres away.
- 2.0kmManors
- 3.0kmNewcastle
- 4.0kmHeworth
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
