Apartment 4, 24 Akenside Terrace, Newcastle Upon Tyne, NE2 1TN is a leasehold flat built before 1900. The property offers approximately 689 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £197,767 , which equates to approximately £287 per square foot. It was last sold on 11 Sep 2015 for £160,000. Since then, the value has increased by £37,767, representing a 23.6% increase, or approximately 2.3% per year.

The current estimated value of £197,767 is:

  • 41.7% lower than the average property price on Akenside Terrace
  • 43.9% lower than the average in the NE2 1TN postcode area
  • and 25.4% lower than the average price for Newcastle Upon Tyne as a whole

Based on EPC inspection history, this property has been mostly owner-occupied (2 out of 3 inspections). 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 15 August 2024, the property was recorded as rented.

View sold house prices in NE2 1TN

Building approximate location

About Property

Type
Flat
Built
before 1900
Interior Size
689 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£197,767
Price Per sq ft (estimate)
£287
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Apartment 4, 24 Akenside Terrace, Newcastle Upon Tyne, Tyne And Wear, NE2 1TN has an Energy Performance Certificate (EPC) rating of E, based on the latest assessment carried out on 15 Aug 2024.

This property uses electric room heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 19 Apr 2014, when the property was rated C. The current rating of E reflects a decline in energy efficiency of 28.9%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency changing from poor to very poor, while the heating system type remained the same (room heaters, electric).
  • The hot water energy efficiency changing from average to poor, while the system remained as electric immersion, off-peak.
  • The roof construction or insulation changed from pitched, insulated (assumed) to pitched, no insulation (assumed), changing energy efficiency from good to very poor.
  • The wall construction or insulation changed from timber frame, as built, insulated (assumed) to solid brick, as built, no insulation (assumed), changing energy efficiency from good to poor.
  • The lighting was updated from low energy lighting in 25% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from average to very good.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, off-peak
Poor
Roof
Pitched, no insulation (assumed)
Very Poor
Walls
Solid brick, as built, no insulation (assumed)
Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to NE2 1TN

60 th / 81
Price Rank
44% lower than average
40 th / 56
Size Rank
37% smaller than average
44 th / 56
Price Per Sq FT Rank
10% lower than average

Compared to other properties in NE2 1TN , this flat's estimated value ranks 60th out of 81. Based on price per square foot, it ranks 44th out of 56 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 40th out of 56 properties in its postcode area.

Sale History

Today
£197,767
streetscan.co.uk estimate
+24 %
11 Sep 2015
£160,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 775 sq ft
sale price: £200,000
sale date: 6 Sep 2024
rooms: 3
size: 764 sq ft
sale price: £215,000
sale date: 29 May 2024
rooms: 3
size: 786 sq ft
sale price: £213,500
sale date: 9 May 2024
rooms: 4
size: 743 sq ft
sale price: £155,000
sale date: 8 Dec 2023
rooms: 3
size: 710 sq ft
sale price: £160,000
sale date: 4 Oct 2023

Data Sources

The property at Apartment 4, 24 Akenside Terrace, Newcastle Upon Tyne, Tyne And Wear, NE2 1TN appears once in the Land Registry records, with the transaction recorded on 11 Sep 2015. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 15 Aug 2024. 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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