52 Cormorant Drive

    52, CORMORANT DRIVE, GATESHEAD, NE11 9LF

    This flat/maisonette leasehold property on Cormorant Drive last sold in September 2014 for £125,000. Based on price growth in the NE11 district since then, its estimated current value is £171,029 — placing it in the 17th percentile nationally and the 55th percentile within NE11. The property covers 71 m² (764 sq ft), giving an estimated value of £2,409 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    764 sq ft

    71 m²

    Last Sale Price

    £125,000

    Sept 2014

    Estimated Valuation

    £171,029

    Est. £/sq ft

    £224/sq ft

    £2,409/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialB
    Floor area764 sq ft (71 m²)
    EPC dateSept 2019
    WallsCavity wall, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    12 Sept 2014

    £125,000

    27 Sept 2002

    New build

    £85,000

    Key Metrics

    Estimated valuation£171,029
    Value per sq ft / m²£224/sq ft (£2,409/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile55th percentile
    National percentile17th 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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