40 Market Lane

    40, MARKET LANE, GATESHEAD, NE11 9NY

    This terraced freehold property on Market Lane last sold in November 2009 for £100,000. Based on price growth in the NE11 district since then, its estimated current value is £175,747 — placing it in the 18th percentile nationally and the 58th percentile within NE11. The property covers 63 m² (678 sq ft), giving an estimated value of £2,790 per m². The EPC rating is C, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    678 sq ft

    63 m²

    Last Sale Price

    £100,000

    Nov 2009

    Estimated Valuation

    £175,747

    Est. £/sq ft

    £259/sq ft

    £2,790/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area678 sq ft (63 m²)
    EPC dateOct 2023
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    12 Nov 2009

    £100,000

    4 Aug 2006

    £85,000

    22 Jun 2001

    £34,000

    3 Dec 1999

    £24,000

    Key Metrics

    Estimated valuation£175,747
    Value per sq ft / m²£259/sq ft (£2,790/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile58th percentile
    National percentile18th 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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