40 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 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 £67,238 , which equates to approximately £260 per square foot. It was last sold on 24 Aug 2007 for £63,000. Since then, the value has increased by £4,238, representing a 6.7% increase, or approximately 0.4% per year.

The current estimated value of £67,238 is:

  • 37.0% lower than the average property price on Alverston Close
  • 39.2% lower than the average in the NE15 8TB postcode area
  • and 74.6% 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 16 April 2022, 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
Floor level
1st floor
Price (estimate)
£67,238
Price Per sq ft (estimate)
£260
Bedroom Count (estimate)
1 bedroom

EPC Summary

40 Alverston Close, Newcastle Upon Tyne, Tyne And Wear, NE15 8TB has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 16 Apr 2022.

This property uses electric storage 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 5 Jun 2009, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 14.5%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from portable electric heating assumed for most rooms to electric storage heaters, improving energy efficiency from very poor to average.
  • The roof construction or insulation changed from pitched, 100mm loft insulation to pitched, 250 mm loft insulation, improving energy efficiency from average to good.
  • The wall construction or insulation changed from timber frame, as built, insulated (assumed) to timber frame, as built, partial insulation (assumed), changing energy efficiency from good to average.
Heating Type
Electric storage heaters
Average
Hot Water
Electric instantaneous at point of use
Very Poor
Roof
Pitched, 250 mm loft insulation
Good
Walls
Timber frame, as built, partial insulation (assumed)
Average
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE15 8TB

26 th / 30
Price Rank
39% lower than average
16 th / 19
Size Rank
52% smaller than average
7 th / 19
Price Per Sq FT Rank
26% higher than average

Compared to other properties in NE15 8TB , this flat's estimated value ranks 26th out of 30. Based on price per square foot, it ranks 7th out of 19 properties. In terms of size, this home ranks 16th out of 19 properties in its postcode area.

Sale History

Today
£67,238
streetscan.co.uk estimate
+7 %
24 Aug 2007
£63,000
Leasehold
+129.1 %
28 Aug 2003
£27,500
Leasehold
+61.8 %
6 Sep 1996
£17,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 258 sq ft
sale price: £37,000
sale date: 8 Jan 2021
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

Data Sources

The property at 40 Alverston Close, Newcastle Upon Tyne, NE15 8TB appears three times in the Land Registry records, with the latest transaction recorded on 24 Aug 2007. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 16 Apr 2022. 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.