61 Chestnut Avenue, Newcastle Upon Tyne, NE5 3BP is a leasehold flat built between 1983-1990. The property offers approximately 495 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 £33,977 , which equates to approximately £69 per square foot. It was last sold on 6 Aug 2004 for £28,000. Since then, the value has increased by £5,977, representing a 21.3% increase, or approximately 1.0% per year.

The current estimated value of £33,977 is:

  • 64.2% lower than the average property price on Chestnut Avenue
  • 36.7% lower than the average in the NE5 3BP postcode area
  • and 87.2% 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 once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 10 February 2021, the property was recorded as rented.

View sold house prices in NE5 3BP

Building approximate location

About Property

Type
Flat
Built
1983-1990
Interior Size
495 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£33,977
Price Per sq ft (estimate)
£69
Bedroom Count (estimate)
1 bedroom

EPC Summary

61 Chestnut Avenue, Newcastle Upon Tyne, Tyne And Wear, NE5 3BP has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 10 Feb 2021.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 10 Dec 2020. The rating of D is unchanged, though the energy efficiency score decreased by 6.3%.

Since the previous assessment, several changes were observed:

  • The wall construction or insulation changed from cavity wall, filled cavity to cavity wall, as built, insulated (assumed), improving energy efficiency from average to good.
  • The lighting was updated from low energy lighting in 71% of fixed outlets to no low energy lighting, with efficiency changing from very good to very poor.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
No low energy lighting
Very Poor

Compared to NE5 3BP

17 th / 18
Price Rank
37% lower than average
15 th / 18
Size Rank
29% smaller than average
13 th / 18
Price Per Sq FT Rank
11% lower than average

Compared to other properties in NE5 3BP , this flat's estimated value ranks 17th out of 18. Based on price per square foot, it ranks 13th out of 18 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 15th out of 18 properties in its postcode area.

Sale History

Today
£33,977
streetscan.co.uk estimate
+21 %
6 Aug 2004
£28,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 474 sq ft
sale price: £39,000
sale date: 26 Oct 2022
rooms: 2
size: 495 sq ft
sale price: £32,000
sale date: 24 Jan 2014
rooms: 2
size: 474 sq ft
sale price: £45,000
sale date: 18 Oct 2007
rooms: 2
size: 506 sq ft
sale price: £28,000
sale date: 7 Feb 2005
rooms: 2
size: 527 sq ft
sale price: £7,500
sale date: 2 Aug 2002

Data Sources

The property at 61 Chestnut Avenue, Newcastle Upon Tyne, Tyne And Wear, NE5 3BP appears once in the Land Registry records, with the transaction recorded on 6 Aug 2004. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 10 Feb 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.