8 Village Heights

    8, VILLAGE HEIGHTS, GATESHEAD, NE8 1PW

    This flat/maisonette leasehold property on Village Heights last sold in September 2023 for £145,000. Based on price growth in the NE8 district since then, its estimated current value is £150,993 — placing it in the 13th percentile nationally and the 58th percentile within NE8. The property covers 74 m² (797 sq ft), giving an estimated value of £2,040 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    797 sq ft

    74 m²

    Last Sale Price

    £145,000

    Sept 2023

    Estimated Valuation

    £150,993

    Est. £/sq ft

    £190/sq ft

    £2,040/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1991-1995
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area797 sq ft (74 m²)
    EPC dateJan 2020
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    13 Sept 2023

    £145,000

    18 Jul 2003

    £70,000

    Key Metrics

    Estimated valuation£150,993
    Value per sq ft / m²£190/sq ft (£2,040/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile58th percentile
    National percentile13th 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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