5 Trinity Courtyard Michaelmas Street

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

    This terraced leasehold property on Michaelmas Street last sold in June 2019 for £142,000. Based on price growth in the NE8 district since then, its estimated current value is £188,254 — placing it in the 21st percentile nationally and the 74th percentile within NE8. The property covers 70 m² (753 sq ft), giving an estimated value of £2,689 per m². The EPC rating is C, with a potential rating of C.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    753 sq ft

    70 m²

    Last Sale Price

    £142,000

    Jun 2019

    Estimated Valuation

    £188,254

    Est. £/sq ft

    £250/sq ft

    £2,689/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formMid-Terrace
    Construction age2013
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentC
    EPC potentialC
    Floor area753 sq ft (70 m²)
    EPC dateJan 2014
    WallsAverage thermal transmittance 0.32 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    28 Jun 2019

    £142,000

    27 Jun 2014

    New build

    £152,000

    Key Metrics

    Estimated valuation£188,254
    Value per sq ft / m²£250/sq ft (£2,689/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile74th percentile
    National percentile21st 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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