131 Avenue Road

    131, AVENUE ROAD, GATESHEAD, NE8 4JH

    This flat/maisonette leasehold property on Avenue Road last sold in May 2023 for £112,000. Based on price growth in the NE8 district since then, its estimated current value is £116,629 — placing it in the 6th percentile nationally and the 41st percentile within NE8. The property covers 60 m² (646 sq ft), giving an estimated value of £1,944 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    646 sq ft

    60 m²

    Last Sale Price

    £112,000

    May 2023

    Estimated Valuation

    £116,629

    Est. £/sq ft

    £181/sq ft

    £1,944/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area646 sq ft (60 m²)
    EPC dateJul 2013
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    26 May 2023

    £112,000

    23 Feb 2007

    £107,500

    7 Mar 2005

    £75,000

    14 Aug 2002

    £37,400

    Key Metrics

    Estimated valuation£116,629
    Value per sq ft / m²£181/sq ft (£1,944/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile41st percentile
    National percentile6th 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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