45, Redewood Close
45, Redewood Close
Description & Estimates
45, Redewood Close, Newcastle Upon Tyne is recorded publicly as a modern leasehold house across 527 ft2 of internal area.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 45, Redewood Close, Newcastle Upon Tyne is £129,657 and its rental estimate is £921 per month, given the available information and assuming reasonable condition.
Redewood Close, Newcastle Upon Tyne, NE5 falls within the NE5 postal district, in the borough of Newcastle upon Tyne.
Our Data Sources
45, Redewood Close, Newcastle Upon Tyne has 41 entries in the Land Registry , most recently in January 2014 and a single entry in the EPC database dated November 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 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 45, Redewood Close, Newcastle Upon Tyne, we estimate a market value of £136,140 and a rental value of £967 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £120,581 and £857 per month respectively.
Recent Market Change
Over the last year, 45, Redewood Close, Newcastle Upon Tyne has seen its estimated sale value grow by £1,743 (1.3%) and its estimated rental value climb by £36 per month (3.9%). This results in an estimated gross rental yield of 8.5%.
Energy Efficiency
45, Redewood Close, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Nov 2018.
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 45, Redewood Close, Newcastle Upon Tyne completed on 27th January 2014 at £80,500 and was recorded by HM Land Registry as a leasehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 29.9% over the period since January 2014.
- Sold Jan 2014£80,500
- Sold Oct 2007£100,000
- Sold Jul 2004£99,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 45, Redewood Close, Newcastle Upon Tyne have sold within a radius of 550 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 6th September 2024, was 48, Redewood Close, Newcastle Upon Tyne, NE5 2NY, a leasehold house which sold for £95,000.
Read more about house prices in NE5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 125 addresses on Redewood Close, Newcastle Upon Tyne, NE5, 45, Redewood Close, Newcastle Upon Tyne comes out as the 122nd largest and the 119th most expensive in our analysis of the public data.
It is also £30k less expensive than the average property across the NE5 district.
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Schools Nearby
- 700mHilton Primary Academy
- 800mThomas Walling Primary Academy
- 900mBeech Hill Primary School
- 1.2kmStudio West
- 1.2kmSt Cuthbert's High School
- 1.7kmSacred Heart Catholic High School
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Public Transport Nearby
From 45, Redewood Close, Newcastle Upon Tyne, the nearest station is Blaydon, 3.3 kilometres away.
- 3.3kmBlaydon
- 3.6kmMetroCentre
- 4.7kmNewcastle
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.
