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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 7, The Open, Newcastle Upon Tyne is a modern apartment with 398 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, The Open, Newcastle Upon Tyne is £118,267 and the estimated rental value is £941 per month.
The Open, Newcastle Upon Tyne, NE1 is located in the borough of Newcastle upon Tyne within the NE1 postal district.
7, The Open, Newcastle Upon Tyne has no records in the the Land Registry and a single entry in the EPC database dated April 2021.
We combine this information with public data 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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 7, The Open, Newcastle Upon Tyne is in very good condition we estimate a sale value of £124,180 and a rental value of £988 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £109,988 and a rental value of £875 per month.
Over the last 12 months the sale value of 7 The Open Newcastle Upon Tyne has decreased by an estimated £65 (0.1%) and its rental value has increased by an estimated £17 per month (1.8%), giving an expected gross yield of 9.5%.
7, The Open, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Apr 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, The Open, Newcastle Upon Tyne within a radius of 450 metres over the last 2 years.
The most recent example is 10, The Chare, Newcastle Upon Tyne, NE1 4DD, a leasehold flat which sold for £104,500 on the 18th August 2023.
Read more about house prices in NE1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Open, Newcastle Upon Tyne, NE1 has a total of 29 addresses. According to our analysis of all the public data, 7, The Open, Newcastle Upon Tyne is the 25th largest and the 25th most expensive property on the street.
When compared to the postcode district it is £145k less expensive than the average property in NE1.
The closest station to 7, The Open, Newcastle Upon Tyne is Manors station which is 900 metres away.
According to recent data from Ofcom, there is poor internet coverage in this area which may result in poor or no internet connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, The Open, Newcastle Upon Tyne, % of property is and % is .
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 7, The Open, Newcastle Upon Tyne, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 7, The Open, Newcastle Upon Tyne, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 7, The Open, Newcastle Upon Tyne, there are an average of 0.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.
