3 Trinity Courtyard Michaelmas Street

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

    This terraced leasehold property on Michaelmas Street last sold in October 2022 for £230,000. Based on price growth in the NE8 district since then, its estimated current value is £273,151 — placing it in the 43rd percentile nationally and the 94th percentile within NE8. The property covers 106 m² (1,141 sq ft), giving an estimated value of £2,577 per m². The EPC rating is C, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    1,141 sq ft

    106 m²

    Last Sale Price

    £230,000

    Oct 2022

    Estimated Valuation

    £273,151

    Est. £/sq ft

    £239/sq ft

    £2,577/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formMid-Terrace
    Construction age2013
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentC
    EPC potentialB
    Floor area1,141 sq ft (106 m²)
    EPC dateJan 2014
    WallsAverage thermal transmittance 0.32 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    10 Oct 2022

    £230,000

    10 Oct 2022

    £230,000

    13 Jun 2014

    New build

    £187,000

    Key Metrics

    Estimated valuation£273,151
    Value per sq ft / m²£239/sq ft (£2,577/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile94th percentile
    National percentile43rd 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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