3 Village Heights

    3, VILLAGE HEIGHTS, GATESHEAD, NE8 1PW

    This flat/maisonette leasehold property on Village Heights last sold in December 2021 for £153,000. Based on price growth in the NE8 district since then, its estimated current value is £173,123 — placing it in the 18th percentile nationally and the 68th percentile within NE8. The property covers 110 m² (1,184 sq ft), giving an estimated value of £1,574 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    1,184 sq ft

    110 m²

    Last Sale Price

    £153,000

    Dec 2021

    Estimated Valuation

    £173,123

    Est. £/sq ft

    £146/sq ft

    £1,574/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area1,184 sq ft (110 m²)
    EPC dateJan 2023
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    14 Dec 2021

    £153,000

    7 Dec 2012

    £124,000

    1 Oct 2010

    £112,000

    31 May 2000

    New build

    £44,000

    Key Metrics

    Estimated valuation£173,123
    Value per sq ft / m²£146/sq ft (£1,574/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile68th percentile
    National percentile18th percentile

    District Context — NE8

    NE8 covers Gateshead and surrounding areas in Tyne and Wear, situated south of the River Tyne in the North East. It is a primarily working-class and lower-middle-income area with a significant rental market and strong community character.

    Average Property Price - NE8

    £157,635

    4

    National percentile

    Average Net Household Income - NE8

    £31,485

    12

    National percentile

    10-Year Annualised Price Growth - NE8

    2.5%

    16

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE8

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