8 Park Avenue

    8, PARK AVENUE, GATESHEAD, NE11 9QE

    This detached freehold property on Park Avenue last sold in September 2017 for £265,000. Based on price growth in the NE11 district since then, its estimated current value is £416,861 — placing it in the 70th percentile nationally and the 97th percentile within NE11. The property covers 114 m² (1,227 sq ft), giving an estimated value of £3,657 per m². The EPC rating is D, with a potential rating of C.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,227 sq ft

    114 m²

    Last Sale Price

    £265,000

    Sept 2017

    Estimated Valuation

    £416,861

    Est. £/sq ft

    £340/sq ft

    £3,657/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms6
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,227 sq ft (114 m²)
    EPC dateAug 2017
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    29 Sept 2017

    £265,000

    Key Metrics

    Estimated valuation£416,861
    Value per sq ft / m²£340/sq ft (£3,657/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile97th percentile
    National percentile70th 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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