22 Rayleigh Grove

    22, RAYLEIGH GROVE, GATESHEAD, NE8 4QQ

    This flat/maisonette leasehold property on Rayleigh Grove last sold in August 2023 for £72,000. Based on price growth in the NE8 district since then, its estimated current value is £74,976 — placing it in the 1st percentile nationally and the 14th percentile within NE8. The property covers 61 m² (657 sq ft), giving an estimated value of £1,229 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    657 sq ft

    61 m²

    Last Sale Price

    £72,000

    Aug 2023

    Estimated Valuation

    £74,976

    Est. £/sq ft

    £114/sq ft

    £1,229/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms2
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area657 sq ft (61 m²)
    EPC dateMar 2023
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    7 Aug 2023

    £72,000

    21 Jul 2006

    £69,950

    28 Oct 2004

    £50,000

    Key Metrics

    Estimated valuation£74,976
    Value per sq ft / m²£114/sq ft (£1,229/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile14th percentile
    National percentile1st 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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