24 Market Lane

    24, MARKET LANE, GATESHEAD, NE11 9NY

    This flat/maisonette leasehold property on Market Lane last sold in March 2015 for £63,000. Based on price growth in the NE11 district since then, its estimated current value is £88,581 — placing it in the 2nd percentile nationally and the 8th percentile within NE11. The property covers 68 m² (732 sq ft), giving an estimated value of £1,303 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    732 sq ft

    68 m²

    Last Sale Price

    £63,000

    Mar 2015

    Estimated Valuation

    £88,581

    Est. £/sq ft

    £121/sq ft

    £1,303/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area732 sq ft (68 m²)
    EPC dateJan 2025
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    17 Mar 2015

    £63,000

    7 Jun 2013

    £84,000

    Key Metrics

    Estimated valuation£88,581
    Value per sq ft / m²£121/sq ft (£1,303/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile8th percentile
    National percentile2nd 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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