25 Redgrave Close

    25, REDGRAVE CLOSE, GATESHEAD, NE8 3JD

    This flat/maisonette leasehold property on Redgrave Close last sold in March 2022 for £78,500. Based on price growth in the NE8 district since then, its estimated current value is £77,421 — placing it in the 1st percentile nationally and the 15th percentile within NE8. The property covers 55 m² (592 sq ft), giving an estimated value of £1,408 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    592 sq ft

    55 m²

    Last Sale Price

    £78,500

    Mar 2022

    Estimated Valuation

    £77,421

    Est. £/sq ft

    £131/sq ft

    £1,408/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area592 sq ft (55 m²)
    EPC dateDec 2021
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    22 Mar 2022

    £78,500

    27 Jun 2002

    New build

    £72,950

    Key Metrics

    Estimated valuation£77,421
    Value per sq ft / m²£131/sq ft (£1,408/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile15th percentile
    National percentile1st 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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