7 Oakham Avenue

    7, OAKHAM AVENUE, NEWCASTLE UPON TYNE, NE16 5YU

    This detached leasehold property on Oakham Avenue last sold in November 2023 for £305,000. Based on price growth in the NE16 district since then, its estimated current value is £287,871 — placing it in the 47th percentile nationally and the 74th percentile within NE16. The property covers 103 m² (1,109 sq ft), giving an estimated value of £2,795 per m². The EPC rating is D, with a potential rating of C.

    Type

    Detached

    Tenure

    Leasehold

    Floor Area

    1,109 sq ft

    103 m²

    Last Sale Price

    £305,000

    Nov 2023

    Estimated Valuation

    £287,871

    Est. £/sq ft

    £260/sq ft

    £2,795/m²

    Property Details

    TypeDetached
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,109 sq ft (103 m²)
    EPC dateSept 2023
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    1 Nov 2023

    £305,000

    Key Metrics

    Estimated valuation£287,871
    Value per sq ft / m²£260/sq ft (£2,795/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE16 district percentile74th percentile
    National percentile47th percentile

    District Context — NE16

    NE16 covers the areas south and west of Gateshead, including Whickham, Ryton and Crawcrook, sitting between the Tyne Valley and the northern suburbs of the conurbation. It is a relatively affluent, established residential district with strong owner-occupation and a mature demographic profile.

    Average Property Price - NE16

    £225,305

    20

    National percentile

    Average Net Household Income - NE16

    £37,049

    44

    National percentile

    10-Year Annualised Price Growth - NE16

    2.7%

    19

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE16

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