40 Westminster Street

    40, WESTMINSTER STREET, GATESHEAD, GATESHEAD, NE8 4QE

    This flat/maisonette leasehold property on Westminster Street last sold in February 2007 for £70,000. Based on price growth in the NE8 district since then, its estimated current value is £79,936 — placing it in the 2nd percentile nationally and the 17th percentile within NE8. The property covers 88 m² (947 sq ft), giving an estimated value of £908 per m². The EPC rating is B, with a potential rating of A.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    947 sq ft

    88 m²

    Last Sale Price

    £70,000

    Feb 2007

    Estimated Valuation

    £79,936

    Est. £/sq ft

    £84/sq ft

    £908/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formSemi-Detached
    Construction age2017
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialA
    Floor area947 sq ft (88 m²)
    EPC dateAug 2020
    WallsAverage thermal transmittance 0.24 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    9 Feb 2007

    £70,000

    9 Feb 2007

    £70,000

    Key Metrics

    Estimated valuation£79,936
    Value per sq ft / m²£84/sq ft (£908/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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