38 Oak Avenue

    38, OAK AVENUE, GATESHEAD, NE11 9UQ

    This flat/maisonette leasehold property on Oak Avenue last sold in November 2022 for £75,000. Based on price growth in the NE11 district since then, its estimated current value is £84,266 — placing it in the 2nd percentile nationally and the 6th percentile within NE11. The property covers 61 m² (657 sq ft), giving an estimated value of £1,381 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    657 sq ft

    61 m²

    Last Sale Price

    £75,000

    Nov 2022

    Estimated Valuation

    £84,266

    Est. £/sq ft

    £128/sq ft

    £1,381/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1930-1949
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area657 sq ft (61 m²)
    EPC dateMay 2022
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    28 Nov 2022

    £75,000

    22 Dec 2005

    £73,000

    1 Jun 1999

    £26,000

    Key Metrics

    Estimated valuation£84,266
    Value per sq ft / m²£128/sq ft (£1,381/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE11 district percentile6th percentile
    National percentile2nd 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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