40 Mollyfair Close, Ryton, NE40 4UZ is a leasehold flat built between 1976-1982. 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 £47,101 , which equates to approximately £182 per square foot. It was last sold on 20 Feb 2014 for £38,000. Since then, the value has increased by £9,101, representing a 24.0% increase, or approximately 2.0% per year.

The current estimated value of £47,101 is:

  • 47.0% lower than the average property price on Mollyfair Close
  • 51.6% lower than the average in the NE40 4UZ postcode area
  • and 78.7% lower than the average price for Ryton 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 June 2020, the property was recorded as owner-occupied.

View sold house prices in NE40 4UZ

Building approximate location

About Property

Type
Flat
Built
1976-1982
Interior Size
258 sq ft
Tenure
Leasehold
Price (estimate)
£47,101
Price Per sq ft (estimate)
£182
Bedroom Count (estimate)
1 bedroom

EPC Summary

40 Mollyfair Close, Ryton, Gateshead, Tyne And Wear, NE40 4UZ has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 10 Jun 2020.

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 28 May 2009. The rating of D is unchanged, though the energy efficiency score decreased by 13.4%.

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 poor to very poor.
  • The hot water system was changed from electric immersion, off-peak to electric instantaneous at point of use, with its energy efficiency changing from average to very poor.
  • The wall construction or insulation changed from timber frame, as built, insulated (assumed) to cavity wall, as built, partial insulation (assumed), changing energy efficiency from good to average.
  • The lighting was updated from low energy lighting in 14% of fixed outlets to low energy lighting in 60% of fixed outlets, with efficiency improving from poor to good.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric instantaneous at point of use
Very Poor
Walls
Cavity wall, as built, partial insulation (assumed)
Average
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 60% of fixed outlets
Good

Compared to NE40 4UZ

30 th / 38
Price Rank
52% lower than average
14 th / 23
Size Rank
47% smaller than average
17 th / 23
Price Per Sq FT Rank
9% lower than average

Compared to other properties in NE40 4UZ , this flat's estimated value ranks 30th out of 38. Based on price per square foot, it ranks 17th out of 23 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 14th out of 23 properties in its postcode area.

Sale History

Today
£47,101
streetscan.co.uk estimate
+24 %
20 Feb 2014
£38,000
Leasehold
+253.5 %
9 Apr 1998
£10,750
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 1
size: 269 sq ft
sale price: £35,000
sale date: 11 Dec 2024
rooms: 1
size: 258 sq ft
sale price: £35,500
sale date: 5 Sep 2022
rooms: 1
size: 248 sq ft
sale price: £39,000
sale date: 24 Jun 2022
rooms: 1
size: 258 sq ft
sale price: £35,000
sale date: 17 Sep 2019
rooms: 2
size: 248 sq ft
sale price: £36,750
sale date: 14 Jun 2019

Data Sources

The property at 40 Mollyfair Close, Ryton, NE40 4UZ appears two times in the Land Registry records, with the latest transaction recorded on 20 Feb 2014. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 10 Jun 2020. 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.


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