16 Preston Gate

    16, PRESTON GATE, NORTH SHIELDS, NE29 9QB

    This flat/maisonette leasehold property on Preston Gate last sold in October 2021 for £70,000. Based on price growth in the NE29 district since then, its estimated current value is £85,729 — placing it in the 2nd percentile nationally and the 9th percentile within NE29. The property covers 34 m² (366 sq ft), giving an estimated value of £2,521 per m². The EPC rating is E, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    366 sq ft

    34 m²

    Last Sale Price

    £70,000

    Oct 2021

    Estimated Valuation

    £85,729

    Est. £/sq ft

    £234/sq ft

    £2,521/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentE
    EPC potentialC
    Floor area366 sq ft (34 m²)
    EPC dateNov 2019
    WallsCavity wall, filled cavity
    HeatingElectric storage heaters

    Transaction History

    13 Oct 2021

    £70,000

    16 Aug 2007

    £82,000

    2 Jun 2003

    New build

    £59,500

    Key Metrics

    Estimated valuation£85,729
    Value per sq ft / m²£234/sq ft (£2,521/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE29 district percentile9th percentile
    National percentile2nd percentile

    District Context — NE29

    NE29 covers Whitley Bay and surrounding areas on the North Tyneside coast, north of Newcastle. It is a residential seaside district with a mix of family homes and holiday appeal.

    Average Property Price - NE29

    £218,190

    17

    National percentile

    Average Net Household Income - NE29

    £32,937

    18

    National percentile

    10-Year Annualised Price Growth - NE29

    5.1%

    90

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE29

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