38 Wood Grove, Newcastle Upon Tyne, NE15 7TG is a leasehold other property built between 1967-1975. The property offers approximately 527 square feet of living space and is situated on the 1st floor. In this location, properties of similar size usually have one bedroom.

The estimated current market value of the property is £76,732 , which equates to approximately £145 per square foot. It was last sold on 27 Aug 2024 for £75,000. Since then, the value has increased by £1,732, representing a 2.3% increase, or approximately 1.8% per year.

The current estimated value of £76,732 is:

  • 41.9% lower than the average property price on Wood Grove
  • 47.0% lower than the average in the NE15 7TG postcode area
  • and 71.1% 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 15 March 2021, the property was recorded as rented.

View sold house prices in NE15 7TG

Building approximate location

About Property

Type
Flat
Built
1967-1975
Interior Size
527 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£76,732
Price Per sq ft (estimate)
£145
Bedroom Count (estimate)
1 bedroom

EPC Summary

38 Wood Grove, Newcastle Upon Tyne, Tyne And Wear, NE15 7TG has an Energy Performance Certificate (EPC) rating of E, based on the latest assessment carried out on 15 Mar 2021.

This property uses electric room heaters as its main heating source. The windows are fully double glazed.

The previous EPC assessment was conducted on 14 Jan 2021, when the property was rated D. The current rating of E reflects a decline in energy efficiency of 37.3%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric storage heaters to room heaters, electric, changing energy efficiency from average to very poor.
  • The hot water system was changed from electric immersion, off-peak to no system present: electric immersion assumed, with its energy efficiency changing from average to poor.
  • 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 updated from low energy lighting in all fixed outlets to low energy lighting in 57% of fixed outlets, with efficiency changing from very good to good.
Heating Type
Room heaters, electric
Very Poor
Hot Water
No system present: electric immersion assumed
Poor
Roof
Pitched, 100 mm loft insulation
Average
Walls
Cavity wall, as built, no insulation (assumed)
Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 57% of fixed outlets
Good

Compared to NE15 7TG

16 th / 19
Price Rank
47% lower than average
13 th / 15
Size Rank
32% smaller than average
12 th / 15
Price Per Sq FT Rank
22% lower than average

Compared to other properties in NE15 7TG , this flat's estimated value ranks 16th out of 19. Based on price per square foot, it ranks 12th out of 15 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 13th out of 15 properties in its postcode area.

Sale History

Today
£76,732
streetscan.co.uk estimate
+2 %
27 Aug 2024
£75,000
Leasehold
0 %
20 Jun 2017
£75,000
Leasehold
+21 %
31 Aug 2011
£62,000
Leasehold
-27.9 %
23 Feb 2007
£86,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 517 sq ft
sale price: £95,000
sale date: 10 Apr 2024

Data Sources

The property at 38 Wood Grove, Newcastle Upon Tyne, NE15 7TG appears four times in the Land Registry records, with the latest transaction recorded on 27 Aug 2024. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 15 Mar 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.