118 Market Lane

    118, MARKET LANE, GATESHEAD, GATESHEAD, NE11 9NY

    This terraced freehold property on Market Lane last sold in August 2008 for £140,000. Based on price growth in the NE11 district since then, its estimated current value is £204,887 — placing it in the 26th percentile nationally and the 73rd percentile within NE11. The property covers 89 m² (958 sq ft), giving an estimated value of £2,302 per m². The EPC rating is D, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    958 sq ft

    89 m²

    Last Sale Price

    £140,000

    Aug 2008

    Estimated Valuation

    £204,887

    Est. £/sq ft

    £214/sq ft

    £2,302/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area958 sq ft (89 m²)
    EPC dateMay 2021
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    15 Aug 2008

    £140,000

    Key Metrics

    Estimated valuation£204,887
    Value per sq ft / m²£214/sq ft (£2,302/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile73rd percentile
    National percentile26th 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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