124 Derwentwater Road

    124, DERWENTWATER ROAD, GATESHEAD, NE8 2HA

    This terraced leasehold property on Derwentwater Road last sold in August 2022 for £175,000. Based on price growth in the NE8 district since then, its estimated current value is £207,832 — placing it in the 26th percentile nationally and the 80th percentile within NE8. The property covers 77 m² (829 sq ft), giving an estimated value of £2,699 per m². The EPC rating is B, with a potential rating of A.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    829 sq ft

    77 m²

    Last Sale Price

    £175,000

    Aug 2022

    Estimated Valuation

    £207,832

    Est. £/sq ft

    £251/sq ft

    £2,699/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formEnd-Terrace
    Construction age2016
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialA
    Floor area829 sq ft (77 m²)
    EPC dateMay 2016
    WallsAverage thermal transmittance 0.27 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    19 Aug 2022

    £175,000

    28 Jun 2016

    New build

    £159,495

    Key Metrics

    Estimated valuation£207,832
    Value per sq ft / m²£251/sq ft (£2,699/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile80th percentile
    National percentile26th 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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