116 Meadow Lane

    116, MEADOW LANE, GATESHEAD, NE11 9PP

    This flat/maisonette leasehold property on Meadow Lane last sold in October 2022 for £65,000. Based on price growth in the NE11 district since then, its estimated current value is £73,031 — placing it in the 1st percentile nationally and the 3rd percentile within NE11. The property covers 67 m² (721 sq ft), giving an estimated value of £1,090 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    721 sq ft

    67 m²

    Last Sale Price

    £65,000

    Oct 2022

    Estimated Valuation

    £73,031

    Est. £/sq ft

    £101/sq ft

    £1,090/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms2
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area721 sq ft (67 m²)
    EPC dateMay 2022
    WallsCavity wall, as built, no insulation (assumed)
    HeatingWarm air, mains gas

    Transaction History

    19 Oct 2022

    £65,000

    31 Aug 2012

    £53,000

    Key Metrics

    Estimated valuation£73,031
    Value per sq ft / m²£101/sq ft (£1,090/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile3rd percentile
    National percentile1st 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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