49, Redewood Close
49, Redewood Close
Description & Estimates
49, Redewood Close, Newcastle Upon Tyne is recorded publicly as a modern leasehold house across 538 ft2 of internal area, sitting on a 108 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 49, Redewood Close, Newcastle Upon Tyne is £130,950 and its rental estimate is £930 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
49, Redewood Close, Newcastle Upon Tyne has 31 entries in the Land Registry , most recently in May 2024 and a single entry in the EPC database dated September 2021.
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 49, Redewood Close, Newcastle Upon Tyne, we estimate a market value of £137,498 and a rental value of £977 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £121,784 and £865 per month respectively.
Recent Market Change
Over the last year, 49, Redewood Close, Newcastle Upon Tyne has seen its estimated sale value grow by £1,760 (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%.
Plot Size
HM Land Registry records the plot of land for 49, Redewood Close, Newcastle Upon Tyne as measuring 108 m2.
That makes it the 38th largest plot in the postcode, where 41 of the 59 other houses have recorded plot data.
Energy Efficiency
49, Redewood Close, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Sep 2021.
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 49, Redewood Close, Newcastle Upon Tyne completed on 3rd May 2024 at £130,000 and was recorded by HM Land Registry as a leasehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 5.8% over the period since May 2024.
- Sold May 2024£130,000
- Sold Apr 2022£125,000
- Sold Dec 2000£51,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 49, 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, 49, Redewood Close, Newcastle Upon Tyne comes out as the 114th largest and the 112th most expensive in our analysis of the public data.
It is also £28k 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
More reading links
Public Transport Nearby
From 49, 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.
