5 Redgrave Close

    5, REDGRAVE CLOSE, GATESHEAD, NE8 3JD

    This flat/maisonette leasehold property on Redgrave Close last sold in January 2019 for £90,500. Based on price growth in the NE8 district since then, its estimated current value is £105,709 — placing it in the 5th percentile nationally and the 35th percentile within NE8. The property covers 60 m² (646 sq ft), giving an estimated value of £1,762 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    646 sq ft

    60 m²

    Last Sale Price

    £90,500

    Jan 2019

    Estimated Valuation

    £105,709

    Est. £/sq ft

    £164/sq ft

    £1,762/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: 1996-2002
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area646 sq ft (60 m²)
    EPC dateAug 2024
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    21 Jan 2019

    £90,500

    31 May 2002

    New build

    £72,450

    Key Metrics

    Estimated valuation£105,709
    Value per sq ft / m²£164/sq ft (£1,762/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile35th percentile
    National percentile5th 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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