75, Springbank Road
75, Springbank Road
Description & Estimates
The public record describes 75, Springbank Road, Newcastle Upon Tyne as a mid-century apartment with 592 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
75, Springbank Road, Newcastle Upon Tyne has an estimated sale value of £143,842 and an estimated rental value of £1,151 per month, assuming reasonable condition and based on the information available.
Springbank Road, Newcastle Upon Tyne, NE2 lies in the borough of Newcastle upon Tyne, within the NE2 postal district.
Our Data Sources
75, Springbank Road, Newcastle Upon Tyne has no recent1 records in the the Land Registry and a single entry in the EPC database dated December 2020.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 75, Springbank Road, Newcastle Upon Tyne would be worth £151,034, with a potential rental value of £1,209 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £133,773, with a rental value of £1,070 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 75, Springbank Road, Newcastle Upon Tyne has risen by £52 (0.0%) over the last year. During the same period, its estimated monthly rental value has moved up by £23 (2.0%). The property's estimated gross yield is currently 9.6%.
Energy Efficiency
75, Springbank Road, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Dec 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
75, Springbank Road, Newcastle Upon Tyne last changed hands on 10th April 2001, selling for £89,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
- Sold Apr 2001£89,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 420 metres of 75, Springbank Road, Newcastle Upon Tyne across the last 2 years.
Most recently, 62, Mountwood, Greystoke Gardens, Newcastle Upon Tyne, NE2 1PY, a leasehold flat, sold at £137,000 on the 12th January 2024.
Read more about house prices in NE2.
- Sold Jan 2024£137,000 | 2 Bed FlatMountwood, Greystoke Gardens62, Mountwood, Greystoke Gardens, Newcastle Upon Tyne, NE2 1PY
- Sold Dec 2023£125,500 | 2 Bed FlatMountwood, Greystoke Gardens42, Mountwood, Greystoke Gardens, Newcastle Upon Tyne, NE2 1PY
- Sold Jan 2020£138,000 | 2 Bed FlatDeneside Court51, Deneside Court, Newcastle Upon Tyne, NE2 1JW
•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 75, Springbank Road, Newcastle Upon Tyne as the 72nd largest and the 68th most expensive of the 73 addresses on Springbank Road, Newcastle Upon Tyne, NE2.
Against the NE2 postcode district average, it is £119k less expensive than the typical property.
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Schools Nearby
- 200mSt Catherine's Catholic Primary School
- 500mHotspur Primary School
- 700mSt Teresa's Catholic Primary School, Heaton
- 1.3kmJesmond Park Academy
- 2.3kmBenfield School
- 2.3kmNorth East Futures UTC
More reading links
Public Transport Nearby
Manors station is the nearest stop to 75, Springbank Road, Newcastle Upon Tyne at 1.3 kilometres away.
- 1.3kmManors
- 2.2kmNewcastle
- 4.2kmHeworth
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
