2 Nile Close, Newcastle Upon Tyne, NE15 8TJ is a leasehold flat built between 1967-1975. The property offers approximately 474 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 £72,978 , which equates to approximately £154 per square foot. It was last sold on 25 Jan 2012 for £53,000. Since then, the value has increased by £19,978, representing a 37.7% increase, or approximately 2.7% per year.

The current estimated value of £72,978 is:

  • 66.8% lower than the average property price on Nile Close
  • 66.8% lower than the average in the NE15 8TJ postcode area
  • and 72.5% lower than the average price for Newcastle Upon Tyne as a whole

At the most recent EPC inspection on 9 November 2011, the property was recorded as owner-occupied.

View sold house prices in NE15 8TJ

Building approximate location

About Property

Type
Flat
Built
1967-1975
Interior Size
474 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£72,978
Price Per sq ft (estimate)
£154
Bedroom Count (estimate)
1 bedroom

EPC Summary

2 Nile Close, Newcastle Upon Tyne, Tyne And Wear, NE15 8TJ has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 25 Nov 2014.

This property uses electric storage heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 9 Nov 2011. The rating of D remains the same, but the energy efficiency score improved by 10.9%.

Since the previous assessment, several changes were observed:

  • The hot water system was changed from electric immersion, standard tariff to electric immersion, off-peak, with its energy efficiency improving from very poor to average.
  • The roof construction or insulation changed from pitched, 100 mm loft insulation to pitched, 50 mm loft insulation, changing energy efficiency from average to poor.
  • The wall construction or insulation changed from cavity wall, as built, insulated (assumed) to cavity wall, filled cavity, with no change in energy efficiency (good).
  • The lighting was updated from no low energy lighting to low energy lighting in all fixed outlets, with efficiency improving from very poor to very good.
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Average
Roof
Pitched, 50 mm loft insulation
Poor
Walls
Cavity wall, filled cavity
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE15 8TJ

12 th / 13
Price Rank
67% lower than average
9 th / 10
Size Rank
46% smaller than average
10 th / 10
Price Per Sq FT Rank
39% lower than average

Compared to other properties in NE15 8TJ , this flat's estimated value ranks 12th out of 13. Based on price per square foot, it ranks 10th out of 10 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 9th out of 10 properties in its postcode area.

Sale History

Today
£72,978
streetscan.co.uk estimate
+38 %
25 Jan 2012
£53,000
Leasehold

Area Insights

Nearby Properties

3 Nile Close, Newcastle Upon Tyne, NE15 8TJ
rooms: 6
size: 1119 sq ft
sale price: £216,000
sale date: 29 Jul 2022
1 Nile Close, Newcastle Upon Tyne, NE15 8TJ
rooms: 2
size: 377 sq ft
sale price: £53,000
sale date: 8 Oct 2012
5 Nile Close, Newcastle Upon Tyne, NE15 8TJ
rooms: 7
size: 1281 sq ft
sale price: £184,000
sale date: 24 Mar 2017
6 Nile Close, Newcastle Upon Tyne, NE15 8TJ
rooms: 5
size: 753 sq ft
sale price: £190,000
sale date: 30 Jun 2023
7 Nile Close, Newcastle Upon Tyne, NE15 8TJ
rooms: 4
size: 829 sq ft
sale price: £175,000
sale date: 28 Feb 2020

Data Sources

The property at 2 Nile Close, Newcastle Upon Tyne, Tyne And Wear, NE15 8TJ appears once in the Land Registry records, with the transaction recorded on 25 Jan 2012. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 25 Nov 2014. 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.
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