40 Cormorant Drive

    40, CORMORANT DRIVE, GATESHEAD, NE11 9LF

    This terraced leasehold property on Cormorant Drive last sold in November 2013 for £65,000. Based on price growth in the NE11 district since then, its estimated current value is £110,333 — placing it in the 5th percentile nationally and the 16th percentile within NE11. The property covers 78 m² (840 sq ft), giving an estimated value of £1,415 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    840 sq ft

    78 m²

    Last Sale Price

    £65,000

    Nov 2013

    Estimated Valuation

    £110,333

    Est. £/sq ft

    £131/sq ft

    £1,415/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area840 sq ft (78 m²)
    EPC dateJan 2013
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    15 Nov 2013

    £65,000

    13 Jul 2006

    £68,000

    7 Jun 2002

    New build

    £66,500

    Key Metrics

    Estimated valuation£110,333
    Value per sq ft / m²£131/sq ft (£1,415/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile16th percentile
    National percentile5th percentile

    District Context — NE11

    NE11 covers Cramlington and surrounding areas in south-east Northumberland, situated between Newcastle and the coast. It is a largely suburban district with a strong family-oriented character and established residential communities.

    Average Property Price - NE11

    £184,538

    8

    National percentile

    Average Net Household Income - NE11

    £34,075

    26

    National percentile

    10-Year Annualised Price Growth - NE11

    4.0%

    67

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE11

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