2 Chad House Sunderland Road

    2 CHAD HOUSE, SUNDERLAND ROAD, GATESHEAD, NE8 3HX

    This flat/maisonette leasehold property on Sunderland Road last sold in April 2023 for £130,000. Based on price growth in the NE8 district since then, its estimated current value is £135,373 — placing it in the 10th percentile nationally and the 50th percentile within NE8. The property covers 38 m² (409 sq ft), giving an estimated value of £3,562 per m². The EPC rating is D, with a potential rating of D.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    409 sq ft

    38 m²

    Last Sale Price

    £130,000

    Apr 2023

    Estimated Valuation

    £135,373

    Est. £/sq ft

    £331/sq ft

    £3,562/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction age2018
    Habitable roomsNot available
    Main fuelElectricity: electricity, unspecified tariff
    EPC currentD
    EPC potentialD
    Floor area409 sq ft (38 m²)
    EPC dateMar 2018
    WallsAverage thermal transmittance 0.25 W/m²K
    HeatingRoom heaters, electric

    Transaction History

    3 Apr 2023

    £130,000

    Key Metrics

    Estimated valuation£135,373
    Value per sq ft / m²£331/sq ft (£3,562/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile50th percentile
    National percentile10th 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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