7 Redewood Close, Newcastle Upon Tyne, NE5 2NY is a freehold terraced property built between 1996-2002. The property offers approximately 764 square feet of living space. In this location, properties of similar size usually have two bedrooms.

The estimated current market value of the property is £167,067 , which equates to approximately £219 per square foot. It was last sold on 1 Sep 2016 for £125,000. Since then, the value has increased by £42,067, representing a 33.7% increase, or approximately 3.6% per year.

The current estimated value of £167,067 is:

  • 18.3% lower than the average property price on Redewood Close
  • 0.7% higher than the average in the NE5 2NY postcode area
  • and 37.0% 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 26 September 2022, the property was recorded as rented.

View sold house prices in NE5 2NY

Building approximate location

About Property

Type
Terraced House
Built
1996-2002
Interior Size
764 sq ft
Tenure
Freehold
Price (estimate)
£167,067
Price Per sq ft (estimate)
£219
Bedroom Count (estimate)
2 bedrooms

EPC Summary

7 Redewood Close, Newcastle Upon Tyne, Tyne And Wear, NE5 2NY has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 26 Sep 2022.

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 3 Oct 2012. The rating of C is unchanged, though the energy efficiency score decreased by 4.2%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from pitched, 200 mm loft insulation to pitched, 150 mm loft insulation, with no change in energy efficiency (good).
  • The lighting was updated from low energy lighting in 9% of fixed outlets to low energy lighting in 60% of fixed outlets, with efficiency improving from very poor to good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, 150 mm loft insulation
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 60% of fixed outlets
Good

Compared to NE5 2NY

53 rd / 54
Price Rank
1% higher than average
20 th / 44
Size Rank
0% same size than average
43 rd / 44
Price Per Sq FT Rank
0% same as average

Compared to other properties in NE5 2NY , this house's estimated value ranks 53th out of 54. Based on price per square foot, it ranks 43th out of 44 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 20th out of 44 properties in its postcode area.

Sale History

Today
£167,067
streetscan.co.uk estimate
+34 %
1 Sep 2016
£125,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 4
size: 689 sq ft
sale price: £147,000
sale date: 27 Feb 2023
rooms: 5
size: 829 sq ft
sale price: £165,000
sale date: 27 May 2022
rooms: 5
size: 861 sq ft
sale price: £145,000
sale date: 7 Aug 2020
rooms: 4
size: 678 sq ft
sale price: £124,000
sale date: 15 Jun 2007
rooms: 4
size: 829 sq ft
sale price: £104,000
sale date: 14 Oct 2003

Data Sources

The property at 7 Redewood Close, Newcastle Upon Tyne, Tyne And Wear, NE5 2NY appears once in the Land Registry records, with the transaction recorded on 1 Sep 2016. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 26 Sep 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.