2 Fairspring, Newcastle Upon Tyne, NE5 2PQ is a freehold terraced property built between 1967-1975. The property offers approximately 861 square feet of living space. In this location, properties of similar size usually have three bedrooms.

The estimated current market value of the property is £111,858 , which equates to approximately £130 per square foot. It was last sold on 4 Aug 2023 for £102,000. Since then, the value has increased by £9,858, representing a 9.7% increase, or approximately 4.1% per year.

The current estimated value of £111,858 is:

  • 5.8% lower than the average property price on Fairspring
  • 3.1% lower than the average in the NE5 2PQ postcode area
  • and 57.8% 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 owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 11 January 2023, the property was recorded as owner-occupied.

View sold house prices in NE5 2PQ

Building approximate location

About Property

Type
Terraced House
Built
1967-1975
Interior Size
861 sq ft
Tenure
Freehold
Price (estimate)
£111,858
Price Per sq ft (estimate)
£130
Bedroom Count (estimate)
3 bedrooms

EPC Summary

2 Fairspring, Newcastle Upon Tyne, Tyne And Wear, NE5 2PQ has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 11 Jan 2023.

This property uses an electric boiler with radiators as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 27 Mar 2013. The rating of D remains the same, but the energy efficiency score improved by 9.7%.

Since the previous assessment, several changes were observed:

  • The heating system changed from electric storage heaters to boiler and radiators, electric, with no change in energy efficiency (average).
  • The hot water system was changed from electric immersion, off-peak to from main system, with its energy efficiency improving from very poor to average.
  • The roof construction or insulation changed from pitched, 300+ mm loft insulation to pitched, 300 mm loft insulation, with no change in energy efficiency (very good).
  • The wall energy efficiency changing from good to average, with the construction or insulation remaining cavity wall, filled cavity.
  • The lighting was updated from low energy lighting in 67% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from good to very good.
Heating Type
Boiler and radiators, electric
Average
Hot Water
From main system
Average
Roof
Pitched, 300 mm loft insulation
Very Good
Walls
Cavity wall, filled cavity
Average
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE5 2PQ

12 th / 15
Price Rank
3% lower than average
12 th / 14
Size Rank
5% smaller than average
11 th / 14
Price Per Sq FT Rank
2% higher than average

Compared to other properties in NE5 2PQ , this house's estimated value ranks 12th out of 15. Based on price per square foot, it ranks 11th out of 14 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 12th out of 14 properties in its postcode area.

Sale History

Today
£111,858
streetscan.co.uk estimate
+10 %
4 Aug 2023
£102,000
Leasehold
+63.2 %
25 Nov 2013
£62,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 5
size: 926 sq ft
sale price: £115,000
sale date: 7 Jul 2023
rooms: 5
size: 958 sq ft
sale price: £128,000
sale date: 24 Feb 2023
rooms: 5
size: 893 sq ft
sale price: £130,000
sale date: 6 Dec 2022
rooms: 5
size: 915 sq ft
sale price: £112,000
sale date: 9 Jun 2022
rooms: 5
size: 980 sq ft
sale price: £114,950
sale date: 7 Jun 2022

Data Sources

The property at 2 Fairspring, Newcastle Upon Tyne, NE5 2PQ appears two times in the Land Registry records, with the latest transaction recorded on 4 Aug 2023. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 11 Jan 2023. 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.