2 Trinity Courtyard Michaelmas Street

    2 TRINITY COURTYARD, MICHAELMAS STREET, GATESHEAD, NE8 2GP

    This terraced leasehold property on Michaelmas Street last sold in November 2018 for £158,500. Based on price growth in the NE8 district since then, its estimated current value is £192,746 — placing it in the 23rd percentile nationally and the 75th percentile within NE8. The property covers 87 m² (936 sq ft), giving an estimated value of £2,215 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    936 sq ft

    87 m²

    Last Sale Price

    £158,500

    Nov 2018

    Estimated Valuation

    £192,746

    Est. £/sq ft

    £206/sq ft

    £2,215/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formMid-Terrace
    Construction age2013
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentC
    EPC potentialB
    Floor area936 sq ft (87 m²)
    EPC dateJun 2014
    WallsAverage thermal transmittance 0.32 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    12 Nov 2018

    £158,500

    14 Nov 2014

    New build

    £153,500

    Key Metrics

    Estimated valuation£192,746
    Value per sq ft / m²£206/sq ft (£2,215/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile75th percentile
    National percentile23rd 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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