49 Cormorant Drive

    49, CORMORANT DRIVE, GATESHEAD, NE11 9LF

    This flat/maisonette leasehold property on Cormorant Drive last sold in January 2020 for £115,000. Based on price growth in the NE11 district since then, its estimated current value is £136,589 — placing it in the 10th percentile nationally and the 31st percentile within NE11. The property covers 69 m² (743 sq ft), giving an estimated value of £1,980 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    743 sq ft

    69 m²

    Last Sale Price

    £115,000

    Jan 2020

    Estimated Valuation

    £136,589

    Est. £/sq ft

    £184/sq ft

    £1,980/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentD
    EPC potentialC
    Floor area743 sq ft (69 m²)
    EPC dateJan 2020
    WallsCavity wall, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    31 Jan 2020

    £115,000

    25 Jan 2008

    £137,000

    15 May 2002

    New build

    £75,000

    Key Metrics

    Estimated valuation£136,589
    Value per sq ft / m²£184/sq ft (£1,980/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile31st percentile
    National percentile10th 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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