7 Richmond Terrace

    7, RICHMOND TERRACE, GATESHEAD, NE8 1RN

    This terraced freehold property on Richmond Terrace last sold in July 2018 for £240,000. Based on price growth in the NE8 district since then, its estimated current value is £291,855 — placing it in the 47th percentile nationally and the 95th percentile within NE8. The property covers 257 m² (2,766 sq ft), giving an estimated value of £1,136 per m². The EPC rating is D, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    2,766 sq ft

    257 m²

    Last Sale Price

    £240,000

    Jul 2018

    Estimated Valuation

    £291,855

    Est. £/sq ft

    £106/sq ft

    £1,136/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms11
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area2,766 sq ft (257 m²)
    EPC dateFeb 2020
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    23 Jul 2018

    £240,000

    22 Nov 2005

    £95,000

    18 Nov 2005

    £70,000

    Key Metrics

    Estimated valuation£291,855
    Value per sq ft / m²£106/sq ft (£1,136/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile95th percentile
    National percentile47th 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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