56, Myrtle Grove
56, Myrtle Grove
Description & Estimates
56, Myrtle Grove, Newcastle Upon Tyne is recorded publicly as a period freehold house across 452 ft2 of internal area, sitting on a 12.5 m2 plot.
Locally, houses of this size normally have 1 bedroom with a garden.
Our estimate of the sale value of 56, Myrtle Grove, Newcastle Upon Tyne is £204,401 and its rental estimate is £1,708 per month, given the available information and assuming reasonable condition.
Myrtle Grove, Newcastle Upon Tyne, NE2 falls within the NE2 postal district, in the borough of Newcastle upon Tyne.
Our Data Sources
56, Myrtle Grove, Newcastle Upon Tyne has 71 entries in the Land Registry , most recently in February 2022 and a single entry in the EPC database dated September 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
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 56, Myrtle Grove, Newcastle Upon Tyne, we estimate a market value of £214,621 and a rental value of £1,793 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £190,093 and £1,588 per month respectively.
Recent Market Change
Over the last year, 56, Myrtle Grove, Newcastle Upon Tyne has seen its estimated sale value grow by £4,664 (2.3%) and its estimated rental value climb by £68 per month (4.0%). This results in an estimated gross rental yield of 10.0%.
Plot Size
HM Land Registry records the plot of land for 56, Myrtle Grove, Newcastle Upon Tyne as measuring 13 m2.
That makes it the 4th largest plot in the postcode, where 4 of the 5 other houses have recorded plot data.
Energy Efficiency
56, Myrtle Grove, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Sep 2019.
The property is connected to mains gas and has mostly double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 56, Myrtle Grove, Newcastle Upon Tyne completed on 15th February 2022 at £177,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 7 times.
Values of comparable properties have dropped by 11.3% over the period since February 2022.
- Sold Feb 2022£177,000
- Sold Aug 2014£170,000
- Sold Oct 2003£145,000
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 450 metres of 56, Myrtle Grove, Newcastle Upon Tyne, per the Land Registry and our network of Estate Agents.
The latest, on the 14th July 2023, was 207, Osborne Road, Newcastle Upon Tyne, NE2 3LH, a freehold house which sold for £425,000.
Read more about house prices in NE2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 52 addresses on Myrtle Grove, Newcastle Upon Tyne, NE2, 56, Myrtle Grove, Newcastle Upon Tyne comes out as the 52nd largest and the 47th most expensive in our analysis of the public data.
It is also £59k less expensive than the average property across the NE2 district.
More reading links
Schools Nearby
- 500mWest Jesmond Primary School
- 700mSouth Gosforth First School
- 1.5kmCragside Primary School
- 1.3kmJesmond Park Academy
- 1.6kmSt Mary's Catholic School
- 2.2kmGosforth Academy
More reading links
Public Transport Nearby
From 56, Myrtle Grove, Newcastle Upon Tyne, the nearest station is Manors, 2.5 kilometres away.
- 2.5kmManors
- 3.1kmNewcastle
- 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.
