50 King Edward Street

    50, KING EDWARD STREET, GATESHEAD, NE8 3PR

    This terraced leasehold property on King Edward Street last sold in August 2021 for £64,000. Based on price growth in the NE8 district since then, its estimated current value is £79,972 — placing it in the 2nd percentile nationally and the 17th percentile within NE8. The property covers 71 m² (764 sq ft), giving an estimated value of £1,126 per m². The EPC rating is C, with a potential rating of C.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    764 sq ft

    71 m²

    Last Sale Price

    £64,000

    Aug 2021

    Estimated Valuation

    £79,972

    Est. £/sq ft

    £105/sq ft

    £1,126/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: before 1900
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area764 sq ft (71 m²)
    EPC dateAug 2019
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    23 Aug 2021

    £64,000

    Key Metrics

    Estimated valuation£79,972
    Value per sq ft / m²£105/sq ft (£1,126/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile17th percentile
    National percentile2nd 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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