8, Cobalt Close
8, Cobalt Close
Description & Estimates
8, Cobalt Close, Newcastle Upon Tyne is recorded publicly as a modern freehold house across 516 ft2 of internal area, sitting on a 226 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 8, Cobalt Close, Newcastle Upon Tyne is £121,334 and its rental estimate is £787 per month, given the available information and assuming reasonable condition.
Cobalt Close, Newcastle Upon Tyne, NE15 falls within the NE15 postal district, in the borough of Newcastle upon Tyne.
Our Data Sources
8, Cobalt Close, Newcastle Upon Tyne has 21 entries in the Land Registry , most recently in February 2021 and a single entry in the EPC database dated June 2018.
We combine this information with that 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
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 8, Cobalt Close, Newcastle Upon Tyne, we estimate a market value of £127,401 and a rental value of £827 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £112,841 and £732 per month respectively.
Recent Market Change
Over the last year, 8, Cobalt Close, Newcastle Upon Tyne has seen its estimated sale value climb by £1,904 (1.6%) and its estimated rental value rise by £35 per month (4.4%). This results in an estimated gross rental yield of 7.8%.
Plot Size
HM Land Registry records the plot of land for 8, Cobalt Close, Newcastle Upon Tyne as measuring 226 m2.
That makes it the 4th largest plot in the postcode, where all 18 other houses have recorded plot data.
Energy Efficiency
8, Cobalt Close, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Jun 2018.
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 8, Cobalt Close, Newcastle Upon Tyne completed on 26th February 2021 at £125,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 2.3% over the period since February 2021.
- Sold Feb 2021£125,000
- Sold Jun 1997£54,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Cobalt Close, Newcastle Upon Tyne have sold within a radius of 620 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 6th October 2023, was 6, Alverston Close, Newcastle Upon Tyne, NE15 8TB, a leasehold house which sold for £147,000.
Read more about house prices in NE15.
- Sold Oct 2023£147,000 | 2 Bed House6, Alverston Close, Newcastle Upon Tyne, NE15 8TB6, Alverston Close, Newcastle Upon Tyne, NE15 8TB
- Sold May 2019£130,000 | 2 Bed House3, Alverston Close, Newcastle Upon Tyne, NE15 8TB3, Alverston Close, Newcastle Upon Tyne, NE15 8TB
- Sold Sep 2013£57,250 | 2 Bed House2, Cobalt Close, Newcastle Upon Tyne, NE15 8TL2, Cobalt Close, Newcastle Upon Tyne, NE15 8TL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 24 addresses on Cobalt Close, Newcastle Upon Tyne, NE15, 8, Cobalt Close, Newcastle Upon Tyne comes out as the 14th largest and the 13th most expensive in our analysis of the public data.
It is also £50k less expensive than the average property across the NE15 district.
More reading links
Schools Nearby
- 600mWest Denton Primary School
- 600mSt John Vianney Catholic Primary School, West Denton
- 1.0kmKnop Law Primary School
- 1.2kmStudio West
- 2.1kmWalbottle Academy
- 2.6kmSt Cuthbert's High School
More reading links
Public Transport Nearby
From 8, Cobalt Close, Newcastle Upon Tyne, the nearest station is Blaydon, 2.4 kilometres away.
- 2.4kmBlaydon
- 4.4kmMetroCentre
- 6.2kmDunston
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
