116 Market Lane

    116, MARKET LANE, GATESHEAD, NE11 9NY

    This terraced freehold property on Market Lane last sold in July 2017 for £125,000. Based on price growth in the NE11 district since then, its estimated current value is £197,311 — placing it in the 24th percentile nationally and the 70th percentile within NE11. The property covers 84 m² (904 sq ft), giving an estimated value of £2,349 per m². The EPC rating is E, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    904 sq ft

    84 m²

    Last Sale Price

    £125,000

    Jul 2017

    Estimated Valuation

    £197,311

    Est. £/sq ft

    £218/sq ft

    £2,349/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1930-1949
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialB
    Floor area904 sq ft (84 m²)
    EPC dateMar 2016
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    20 Jul 2017

    £125,000

    26 Jul 2016

    £85,000

    Key Metrics

    Estimated valuation£197,311
    Value per sq ft / m²£218/sq ft (£2,349/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile70th percentile
    National percentile24th 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