55 Rayleigh Grove

    55, RAYLEIGH GROVE, GATESHEAD, NE8 4QQ

    This flat/maisonette leasehold property on Rayleigh Grove last sold in January 2018 for £65,000. Based on price growth in the NE8 district since then, its estimated current value is £70,453 — placing it in the 1st percentile nationally and the 11th percentile within NE8. The property covers 67 m² (721 sq ft), giving an estimated value of £1,052 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    721 sq ft

    67 m²

    Last Sale Price

    £65,000

    Jan 2018

    Estimated Valuation

    £70,453

    Est. £/sq ft

    £98/sq ft

    £1,052/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formNot Recorded
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area721 sq ft (67 m²)
    EPC dateNov 2025
    WallsSolid brick, with external insulation
    HeatingBoiler and radiators, mains gas

    Transaction History

    31 Jan 2018

    £65,000

    9 Jun 2017

    £50,500

    Key Metrics

    Estimated valuation£70,453
    Value per sq ft / m²£98/sq ft (£1,052/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE8 district percentile11th 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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