7 Market Lane

    7, MARKET LANE, GATESHEAD, NE11 9NX

    This terraced freehold property on Market Lane last sold in August 2015 for £142,495. Based on price growth in the NE11 district since then, its estimated current value is £224,599 — placing it in the 31st percentile nationally and the 80th percentile within NE11. The property covers 162 m² (1,744 sq ft), giving an estimated value of £1,386 per m². The EPC rating is E, with a potential rating of D.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    1,744 sq ft

    162 m²

    Last Sale Price

    £142,495

    Aug 2015

    Estimated Valuation

    £224,599

    Est. £/sq ft

    £129/sq ft

    £1,386/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms6
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialD
    Floor area1,744 sq ft (162 m²)
    EPC dateJun 2015
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    10 Aug 2015

    £142,495

    Key Metrics

    Estimated valuation£224,599
    Value per sq ft / m²£129/sq ft (£1,386/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile80th percentile
    National percentile31st 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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