12 Palatine Place

    12, PALATINE PLACE, GATESHEAD, NE11 9SR

    This flat/maisonette leasehold property on Palatine Place last sold in January 2024 for £90,000. Based on price growth in the NE11 district since then, its estimated current value is £98,842 — placing it in the 4th percentile nationally and the 11th percentile within NE11. The property covers 64 m² (689 sq ft), giving an estimated value of £1,544 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    689 sq ft

    64 m²

    Last Sale Price

    £90,000

    Jan 2024

    Estimated Valuation

    £98,842

    Est. £/sq ft

    £143/sq ft

    £1,544/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentD
    EPC potentialC
    Floor area689 sq ft (64 m²)
    EPC dateApr 2023
    WallsCavity wall, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    5 Jan 2024

    £90,000

    21 Oct 2016

    £85,000

    7 Jun 2006

    New build

    £110,950

    Key Metrics

    Estimated valuation£98,842
    Value per sq ft / m²£143/sq ft (£1,544/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile11th percentile
    National percentile4th 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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