12 Westminster Street

    12, WESTMINSTER STREET, GATESHEAD, NE8 4QE

    This detached freehold property on Westminster Street last sold in September 2020 for £183,995. Based on price growth in the NE8 district since then, its estimated current value is £251,393 — placing it in the 38th percentile nationally and the 91st percentile within NE8. The property covers 98 m² (1,055 sq ft), giving an estimated value of £2,565 per m². The EPC rating is B, with a potential rating of A.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,055 sq ft

    98 m²

    Last Sale Price

    £183,995

    Sept 2020

    Estimated Valuation

    £251,393

    Est. £/sq ft

    £238/sq ft

    £2,565/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction age2017
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialA
    Floor area1,055 sq ft (98 m²)
    EPC dateSept 2020
    WallsAverage thermal transmittance 0.24 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    30 Sept 2020

    New build

    £183,995

    3 Dec 2003

    £42,950

    Key Metrics

    Estimated valuation£251,393
    Value per sq ft / m²£238/sq ft (£2,565/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile91st percentile
    National percentile38th 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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