89, Springbank Road
89, Springbank Road
Description & Estimates
Public records show 89, Springbank Road, Newcastle Upon Tyne to be a mid-century leasehold apartment with 688 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
89, Springbank Road, Newcastle Upon Tyne has an estimated sale value of £154,337 and an estimated rental value of £1,191 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
89, Springbank Road, Newcastle Upon Tyne has 41 entries in the Land Registry , most recently in July 2013 and a single entry in the EPC database dated April 2022.
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
In very good condition, we estimate 89, Springbank Road, Newcastle Upon Tyne would be worth £162,054, with a potential rental value of £1,251 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £143,533, with a rental value of £1,108 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 89, Springbank Road, Newcastle Upon Tyne has climbed by £56 (0.0%) over the last year. During the same period, its estimated monthly rental value has risen by £24 (2.0%). The property's estimated gross yield is currently 9.3%.
Energy Efficiency
89, Springbank Road, Newcastle Upon Tyne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Apr 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
89, Springbank Road, Newcastle Upon Tyne last changed hands on 10th July 2013, selling for £120,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 4 times since 1995.
The market for similar properties has risen by 26.2% since July 2013.
- Sold Jul 2013£120,000
- Sold Jun 2012£104,550
- Sold Apr 2001£61,995
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 430 metres of 89, 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 Jun 2021£106,000 | 2 Bed FlatMountwood, Greystoke Gardens50, Mountwood, Greystoke Gardens, Newcastle Upon Tyne, NE2 1PY
•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 89, Springbank Road, Newcastle Upon Tyne as the 47th largest and the 44th most expensive of the 73 addresses on Springbank Road, Newcastle Upon Tyne, NE2.
Against the NE2 postcode district average, it is £109k 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 89, 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.
