28 Market Lane

    28, MARKET LANE, GATESHEAD, NE11 9NY

    This flat/maisonette leasehold property on Market Lane last sold in October 2014 for £70,000. Based on price growth in the NE11 district since then, its estimated current value is £95,776 — placing it in the 3rd percentile nationally and the 10th percentile within NE11. The property covers 72 m² (775 sq ft), giving an estimated value of £1,330 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    775 sq ft

    72 m²

    Last Sale Price

    £70,000

    Oct 2014

    Estimated Valuation

    £95,776

    Est. £/sq ft

    £124/sq ft

    £1,330/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 area775 sq ft (72 m²)
    EPC dateJul 2024
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    3 Oct 2014

    £70,000

    14 Jan 2005

    £84,000

    7 May 2004

    £84,950

    11 Feb 2000

    £30,000

    23 May 1997

    £29,000

    Key Metrics

    Estimated valuation£95,776
    Value per sq ft / m²£124/sq ft (£1,330/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile10th percentile
    National percentile3rd 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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