48 Cormorant Drive

    48, CORMORANT DRIVE, GATESHEAD, NE11 9LF

    This flat/maisonette leasehold property on Cormorant Drive last sold in January 2023 for £115,000. Based on price growth in the NE11 district since then, its estimated current value is £120,568 — placing it in the 7th percentile nationally and the 21st percentile within NE11. The property covers 65 m² (700 sq ft), giving an estimated value of £1,855 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    700 sq ft

    65 m²

    Last Sale Price

    £115,000

    Jan 2023

    Estimated Valuation

    £120,568

    Est. £/sq ft

    £172/sq ft

    £1,855/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialC
    Floor area700 sq ft (65 m²)
    EPC dateOct 2018
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, electric

    Transaction History

    13 Jan 2023

    £115,000

    3 Oct 2002

    New build

    £80,000

    Key Metrics

    Estimated valuation£120,568
    Value per sq ft / m²£172/sq ft (£1,855/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile21st percentile
    National percentile7th 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

    More properties in NE11

    Streets in NE11

    Explore nearby