5 Preston Gate

    5, PRESTON GATE, NORTH SHIELDS, NE29 9QB

    This flat/maisonette leasehold property on Preston Gate last sold in November 2020 for £63,000. Based on price growth in the NE29 district since then, its estimated current value is £82,225 — placing it in the 2nd percentile nationally and the 8th percentile within NE29. The property covers 44 m² (474 sq ft), giving an estimated value of £1,869 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    474 sq ft

    44 m²

    Last Sale Price

    £63,000

    Nov 2020

    Estimated Valuation

    £82,225

    Est. £/sq ft

    £174/sq ft

    £1,869/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentD
    EPC potentialC
    Floor area474 sq ft (44 m²)
    EPC dateJul 2014
    WallsCavity wall, filled cavity
    HeatingElectric storage heaters

    Transaction History

    6 Nov 2020

    £63,000

    9 Feb 2016

    £59,000

    15 Oct 2007

    £67,000

    Key Metrics

    Estimated valuation£82,225
    Value per sq ft / m²£174/sq ft (£1,869/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE29 district percentile8th 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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