240 Baltic Quay Mill Road

    240 BALTIC QUAY, MILL ROAD, GATESHEAD, NE8 3QZ

    This flat/maisonette leasehold property on Mill Road last sold in May 2024 for £575,000. Based on price growth in the NE8 district since then, its estimated current value is £602,826 — placing it in the 86th percentile nationally and the 100th percentile within NE8. The property covers 140 m² (1,507 sq ft), giving an estimated value of £4,306 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    1,507 sq ft

    140 m²

    Last Sale Price

    £575,000

    May 2024

    Estimated Valuation

    £602,826

    Est. £/sq ft

    £400/sq ft

    £4,306/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentD
    EPC potentialC
    Floor area1,507 sq ft (140 m²)
    EPC dateJan 2024
    WallsSystem built, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    10 May 2024

    £575,000

    21 May 2004

    New build

    £550,000

    Key Metrics

    Estimated valuation£602,826
    Value per sq ft / m²£400/sq ft (£4,306/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile100th percentile
    National percentile86th 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

    £157,179

    4

    National percentile

    Average Net Household Income - NE8

    £31,485

    12

    National percentile

    10-Year Annualised Price Growth - NE8

    2.2%

    22

    National percentile

    10-Year Annualised Rent Growth - NE

    4.1%

    58

    National percentile

    View full analysis for NE8

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