56 Cormorant Drive

    56, CORMORANT DRIVE, GATESHEAD, NE11 9LF

    This flat/maisonette leasehold property on Cormorant Drive last sold in July 2023 for £95,000. Based on price growth in the NE11 district since then, its estimated current value is £99,599 — placing it in the 4th percentile nationally and the 12th percentile within NE11. The property covers 60 m² (646 sq ft), giving an estimated value of £1,660 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    646 sq ft

    60 m²

    Last Sale Price

    £95,000

    Jul 2023

    Estimated Valuation

    £99,599

    Est. £/sq ft

    £154/sq ft

    £1,660/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentB
    EPC potentialB
    Floor area646 sq ft (60 m²)
    EPC dateDec 2022
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    18 Jul 2023

    £95,000

    27 Sept 2002

    New build

    £80,000

    Key Metrics

    Estimated valuation£99,599
    Value per sq ft / m²£154/sq ft (£1,660/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile12th percentile
    National percentile4th 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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