12 Richmond Terrace

    12, RICHMOND TERRACE, GATESHEAD, NE8 1RN

    This terraced freehold property on Richmond Terrace last sold in December 2015 for £300,000. Based on price growth in the NE8 district since then, its estimated current value is £370,643 — placing it in the 63rd percentile nationally and the 99th percentile within NE8. The property covers 242 m² (2,605 sq ft), giving an estimated value of £1,532 per m². The EPC rating is E, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    2,605 sq ft

    242 m²

    Last Sale Price

    £300,000

    Dec 2015

    Estimated Valuation

    £370,643

    Est. £/sq ft

    £142/sq ft

    £1,532/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms9
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialB
    Floor area2,605 sq ft (242 m²)
    EPC dateOct 2016
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    1 Dec 2015

    £300,000

    8 Aug 1996

    £85,000

    Key Metrics

    Estimated valuation£370,643
    Value per sq ft / m²£142/sq ft (£1,532/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile99th percentile
    National percentile63rd 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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