42, The Drive
42, The Drive
Description & Estimates
42, The Drive, Newcastle Upon Tyne is recorded publicly as a mid-century leasehold apartment across 822 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 42, The Drive, Newcastle Upon Tyne is £191,339 and its rental estimate is £1,072 per month, given the available information and assuming reasonable condition.
The Drive, Gosforth, Newcastle Upon Tyne, NE3 falls within the NE3 postal district, in the borough of Newcastle upon Tyne.
Our Data Sources
42, The Drive, Newcastle Upon Tyne has 2 entries in the Land Registry , most recently in June 2011 and a single entry in the EPC database dated July 2010.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 42, The Drive, Newcastle Upon Tyne, we estimate a market value of £200,906 and a rental value of £1,126 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £177,946 and £997 per month respectively.
Recent Market Change
Over the last year, 42, The Drive, Newcastle Upon Tyne has seen its estimated sale value decline by £1,060 (0.6%) and its estimated rental value climb by £18 per month (1.6%). This results in an estimated gross rental yield of 6.7%.
Energy Efficiency
42, The Drive, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 13 Jul 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of 42, The Drive, Newcastle Upon Tyne completed on 24th June 2011 at £160,000 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 37.6% over the period since June 2011.
- Sold Jun 2011£160,000
- Sold Dec 2007£140,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 42, The Drive, Newcastle Upon Tyne have sold within a radius of 660 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 6th April 2023, was 47, Graham Park Road, Newcastle Upon Tyne, NE3 4BJ, a leasehold flat which sold for £170,000.
Read more about house prices in NE3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 69 addresses on The Drive, Gosforth, Newcastle Upon Tyne, NE3, 42, The Drive, Newcastle Upon Tyne comes out as the 66th largest and the 59th most expensive in our analysis of the public data.
It is also £102k less expensive than the average property across the NE3 district.
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Schools Nearby
- 800mSouth Gosforth First School
- 800mArchibald First School
- 1.3kmArchbishop Runcie CofE First School
- 1.5kmGosforth Academy
- 1.9kmSt Mary's Catholic School
- 2.1kmJesmond Park Academy
More reading links
Public Transport Nearby
From 42, The Drive, Newcastle Upon Tyne, the nearest station is Manors, 3.2 kilometres away.
- 3.2kmManors
- 3.6kmNewcastle
- 5.4kmMetroCentre
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.
