7, Carnation Way
7, Carnation Way
Description & Estimates
Public records show 7, Carnation Way, Newcastle Upon Tyne to be a modern freehold house with 1,334 ft2 of internal area, sitting on a 491 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
7, Carnation Way, Newcastle Upon Tyne has an estimated sale value of £379,035 and an estimated rental value of £1,663 per month, assuming reasonable condition and based on the information available.
Carnation Way, Newcastle Upon Tyne, NE5 lies in the borough of Newcastle upon Tyne, within the NE5 postal district.
Our Data Sources
7, Carnation Way, Newcastle Upon Tyne has a single entry in the Land Registry from April 2021 and a single entry in the EPC database dated March 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 7, Carnation Way, Newcastle Upon Tyne would be worth £397,987, with a potential rental value of £1,746 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £352,503, with a rental value of £1,547 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 7, Carnation Way, Newcastle Upon Tyne has climbed by £205 (0.1%) over the last year. During the same period, its estimated monthly rental value has risen by £43 (2.6%). The property's estimated gross yield is currently 5.3%.
Plot Size
7, Carnation Way, Newcastle Upon Tyne occupies a 491 m2 plot as recorded by HM Land Registry.
Of the 39 other houses in this postcode, 14 have recorded plot sizes, and this one ranks as the 2nd largest.
Energy Efficiency
7, Carnation Way, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Mar 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
7, Carnation Way, Newcastle Upon Tyne last changed hands on 23rd April 2021, selling for £324,995. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 33.7% since April 2021.
- Sold Apr 2021£324,995
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 730 metres of 7, Carnation Way, Newcastle Upon Tyne across the last 2 years.
Most recently, 1, Orchid Drive, Newcastle Upon Tyne, NE5 1DJ, a freehold house, sold at £356,646 on the 14th June 2024.
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
Our analysis of the public data ranks 7, Carnation Way, Newcastle Upon Tyne as the 2nd largest and the 2nd most expensive of the 39 addresses on Carnation Way, Newcastle Upon Tyne, NE5.
Against the NE5 postcode district average, it is £220k more expensive than the typical property.
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Schools Nearby
- 1.0kmWesterhope Primary School
- 1.1kmSimonside Primary School
- 1.2kmMilecastle Primary School
- 1.1kmCallerton Academy
- 1.8kmStudio West
- 2.2kmWalbottle Academy
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Public Transport Nearby
Blaydon station is the nearest stop to 7, Carnation Way, Newcastle Upon Tyne at 4.7 kilometres away.
- 4.7kmBlaydon
- 6.2kmMetroCentre
- 7.4kmWylam
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
