197 Redgrave Close

    197, REDGRAVE CLOSE, GATESHEAD, NE8 3JT

    This flat/maisonette leasehold property on Redgrave Close last sold in November 2022 for £98,500. Based on price growth in the NE8 district since then, its estimated current value is £97,146 — placing it in the 3rd percentile nationally and the 30th percentile within NE8. The property covers 54 m² (581 sq ft), giving an estimated value of £1,799 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    581 sq ft

    54 m²

    Last Sale Price

    £98,500

    Nov 2022

    Estimated Valuation

    £97,146

    Est. £/sq ft

    £167/sq ft

    £1,799/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area581 sq ft (54 m²)
    EPC dateMar 2016
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    9 Nov 2022

    £98,500

    23 Mar 2018

    £88,500

    11 Jan 2008

    £104,950

    24 Jun 2004

    New build

    £114,950

    Key Metrics

    Estimated valuation£97,146
    Value per sq ft / m²£167/sq ft (£1,799/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile30th percentile
    National percentile3rd 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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