16, The Wills Building Wills Oval, Newcastle Upon Tyne, NE7 7RW is a leasehold flat built between 1930-1949. The property offers approximately 592 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £163,185 , which equates to approximately £276 per square foot. It was last sold on 25 May 2021 for £140,000. Since then, the value has increased by £23,185, representing a 16.6% increase, or approximately 3.6% per year.

The current estimated value of £163,185 is:

  • 25.6% lower than the average property price on Wills Oval
  • 0.6% higher than the average in the NE7 7RW postcode area
  • and 45.1% lower than the average price for Newcastle Upon Tyne as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as rented both times. This suggests the property has often been rented out, which may indicate use as an investment or buy-to-let.

At the most recent EPC inspection on 28 June 2024, the property was recorded as rented.

View sold house prices in NE7 7RW

Building approximate location

About Property

Type
Terraced Maisonette
Built
1930-1949
Interior Size
592 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£163,185
Price Per sq ft (estimate)
£276
Bedroom Count (estimate)
1 bedroom

EPC Summary

16, The Wills Building Wills Oval, Newcastle Upon Tyne, Tyne And Wear, NE7 7RW has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 28 Jun 2024.

This property is heated by a shared community system (community scheme). Community heating means the heat is supplied from a central source serving multiple homes. A community heating scheme is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 6 Dec 2022, when the property was rated C. The current rating of D reflects a decline in energy efficiency of 8.1%.

Since the previous assessment, several changes were observed:

  • The wall construction or insulation changed from cavity wall, as built, insulated (assumed) to cavity wall, as built, no insulation (assumed), changing energy efficiency from good to poor.
  • The lighting was changed from low energy lighting in 73% of fixed outlets to low energy lighting in 77% of fixed outlets, with no change in efficiency (very good).
Heating Type
Community scheme
Good
Hot Water
Community scheme
Good
Walls
Cavity wall, as built, no insulation (assumed)
Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 77% of fixed outlets
Very Good

Compared to NE7 7RW

10 th / 43
Price Rank
1% higher than average
36 th / 39
Size Rank
23% smaller than average
1 st / 39
Price Per Sq FT Rank
31% higher than average

Compared to other properties in NE7 7RW , this maisonette's estimated value ranks 10th out of 43. Based on price per square foot, it ranks 1st out of 39 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 36th out of 39 properties in its postcode area.

Sale History

Today
£163,185
streetscan.co.uk estimate
+17 %
25 May 2021
£140,000
Leasehold
-7.9 %
27 Jan 2006
£152,000
Leasehold
+8.6 %
26 Mar 2004
£140,000
Leasehold
+70.8 %
25 Jun 1997
£81,950
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 603 sq ft
sale price: £135,000
sale date: 31 May 2024
rooms: 3
size: 581 sq ft
sale price: £145,000
sale date: 5 Jan 2023
rooms: 3
size: 646 sq ft
sale price: £129,950
sale date: 4 Apr 2022
rooms: 3
size: 572 sq ft
sale price: £113,000
sale date: 5 Nov 2019
rooms: 2
size: 678 sq ft
sale price: £101,000
sale date: 26 Sep 2019

Data Sources

The property at 16, The Wills Building Wills Oval, Newcastle Upon Tyne, NE7 7RW appears four times in the Land Registry records, with the latest transaction recorded on 25 May 2021. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 28 Jun 2024. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.