5 Park Avenue

    5, PARK AVENUE, GATESHEAD, NE11 9QE

    This semi-detached freehold property on Park Avenue last sold in March 2021 for £310,000. Based on price growth in the NE11 district since then, its estimated current value is £344,758 — placing it in the 58th percentile nationally and the 93rd percentile within NE11. The property covers 127 m² (1,367 sq ft), giving an estimated value of £2,715 per m². The EPC rating is C, with a potential rating of B.

    Type

    Semi-Detached

    Tenure

    Freehold

    Floor Area

    1,367 sq ft

    127 m²

    Last Sale Price

    £310,000

    Mar 2021

    Estimated Valuation

    £344,758

    Est. £/sq ft

    £252/sq ft

    £2,715/m²

    Property Details

    TypeSemi-Detached
    TenureFreehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area1,367 sq ft (127 m²)
    EPC dateOct 2015
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    24 Mar 2021

    £310,000

    25 May 2016

    £218,000

    Key Metrics

    Estimated valuation£344,758
    Value per sq ft / m²£252/sq ft (£2,715/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile93rd percentile
    National percentile58th 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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