38 Alverston Close, Newcastle Upon Tyne, NE15 8TB is a leasehold flat built between 1967-1975. The property offers approximately 258 square feet of living space. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £42,844 , which equates to approximately £166 per square foot. It was last sold on 8 Jan 2021 for £37,000. Since then, the value has increased by £5,844, representing a 15.8% increase, or approximately 3.2% per year.

The current estimated value of £42,844 is:

  • 59.9% lower than the average property price on Alverston Close
  • 61.3% lower than the average in the NE15 8TB postcode area
  • and 83.8% 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 10 September 2021, the property was recorded as owner-occupied.

View sold house prices in NE15 8TB

Building approximate location

About Property

Type
Flat
Built
1967-1975
Interior Size
258 sq ft
Tenure
Leasehold
Price (estimate)
£42,844
Price Per sq ft (estimate)
£166
Bedroom Count (estimate)
1 bedroom

EPC Summary

38 Alverston Close, Newcastle Upon Tyne, Tyne And Wear, NE15 8TB has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 10 Sep 2021.

This property uses electric room heaters as its main heating source. Electric instantaneous heaters at the point of use are used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 4 Sep 2020, when the property was rated E. Since then, the rating has improved to D, with the energy efficiency score increasing by 7.5%.

Since the previous assessment, several changes were observed:

  • The wall construction or insulation changed from cavity wall, as built, partial insulation (assumed) to timber frame, as built, partial insulation (assumed), with no change in energy efficiency (average).
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric instantaneous at point of use
Very Poor
Walls
Timber frame, as built, partial insulation (assumed)
Average
Windows
Fully double glazed
Good
Lighting
No low energy lighting
Very Poor

Compared to NE15 8TB

23 rd / 30
Price Rank
61% lower than average
17 th / 19
Size Rank
52% smaller than average
3 rd / 19
Price Per Sq FT Rank
20% lower than average

Compared to other properties in NE15 8TB , this flat's estimated value ranks 23th out of 30. Based on price per square foot, it ranks 3rd out of 19 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 17th out of 19 properties in its postcode area.

Sale History

Today
£42,844
streetscan.co.uk estimate
+16 %
8 Jan 2021
£37,000
Leasehold
-7.5 %
28 Aug 2015
£40,000
Leasehold
-50 %
12 Apr 2006
£80,000
Leasehold
+263.6 %
15 Nov 2002
£22,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 1
size: 260 sq ft
sale price: £40,000
sale date: 28 Aug 2015
rooms: 2
size: 269 sq ft
sale price: £37,000
sale date: 12 Apr 2013
rooms: 2
size: 248 sq ft
sale price: £27,000
sale date: 10 Aug 2012
rooms: 1
size: 258 sq ft
sale price: £63,000
sale date: 24 Aug 2007

Data Sources

The property at 38 Alverston Close, Newcastle Upon Tyne, NE15 8TB appears four times in the Land Registry records, with the latest transaction recorded on 8 Jan 2021. It also has five Energy Performance Certificates (EPC) entries, the earliest dating back to 10 Sep 2021. 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.