8 Derwent Terrace

    8, DERWENT TERRACE, WASHINGTON, NE38 7AT

    This flat/maisonette leasehold property on Derwent Terrace last sold in March 2024 for £70,000. Based on price growth in the NE38 district since then, its estimated current value is £68,533 — placing it in the 1st percentile nationally and the 7th percentile within NE38. The property covers 68 m² (732 sq ft), giving an estimated value of £1,008 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    68 m²

    (732 sq ft)

    Last Sale Price

    £70,000

    Mar 2024

    Estimated Valuation

    £68,533

    Est. £/m²

    £1,008/m²

    £94/sq ft

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area68 m² (732 sq ft)
    EPC dateApr 2023
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    15 Mar 2024

    £70,000

    10 Dec 2004

    £75,500

    29 Oct 2002

    £48,000

    15 Oct 1999

    £32,000

    15 Aug 1997

    £29,500

    15 Sept 1995

    £29,000

    Key Metrics

    Estimated valuation£68,533
    Value per m² / sq ft£1,008/m² (£94/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE38 district percentile7th percentile
    National percentile1st percentile

    District Context — NE38

    NE38 covers Jarrow and surrounding areas in South Tyneside, on the south bank of the Tyne east of Gateshead. It is a historically industrial neighbourhood with a strong community character and increasingly popular with families and first-time buyers seeking affordable housing.

    Average Property Price - NE38

    £199,717

    12

    National percentile

    Average Net Household Income - NE38

    £36,616

    41

    National percentile

    10-Year Annualised Price Growth - NE38

    2.0%

    9

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE38

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